Hilton Worldwide Holdings Stock Rating Upgraded by UBS AG (HLT)
Hilton Worldwide Holdings (NYSE:HLT) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $26.00 price target on the stock, up from their previous price target of $23.00. UBS AG’s target price suggests a potential upside of 13.04% from the company’s current price.
The analysts wrote, “in the summer, a brand to encompass iconic urban and resort hotels that don’t fit into other brands, which sounds similar to MAR’s Autograph collection, and in the fall, an ‘accessible lifestyle’ brand.” UBS expects the company to “better utilize” the company’s New York City Waldorf Astoria property. The analyst added that the company could construct similar deals to the Hawaii parking lot-to-timeshare deal. Farley continued, “In the meantime, group business grew faster than transient in Q1 for the first time, so the momentum has positive read-through for group next year as well.”
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded up 0.09% on Monday, hitting $23.00. The stock had a trading volume of 2,254,233 shares. Hilton Worldwide Holdings has a 1-year low of $20.55 and a 1-year high of $25.75. The stock’s 50-day moving average is $21.92 and its 200-day moving average is $21.96. The company has a market cap of $22.646 billion and a P/E ratio of 42.79.
Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Friday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings will post $0.65 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HLT. Analysts at Raymond James raised their price target on shares of Hilton Worldwide Holdings from $24.50 to $25.50 in a research note on Friday. Separately, analysts at MKM Partners upgraded shares of Hilton Worldwide Holdings from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. They now have a $27.00 price target on the stock, up previously from $24.00. Finally, analysts at Morgan Stanley upgraded shares of Hilton Worldwide Holdings from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 7th. They now have a $27.00 price target on the stock, up previously from $25.00. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $25.17.
Hilton Worldwide Holdings Inc is a hospitality company. As of December 3, 2013, the Company operated 4,080 hotels, resorts and timeshare properties, which consisted of 671,926 rooms in 90 countries and territories.
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