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Stock analysts at Cleveland Research began coverage on shares of Hilton Worldwide Holdings (NYSE:HLT) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Hilton Worldwide Holdings (NYSE:HLT) opened at 22.99 on Friday. Hilton Worldwide Holdings has a 52-week low of $20.55 and a 52-week high of $25.75. The stock’s 50-day moving average is $22.48 and its 200-day moving average is $22.07. The company has a market cap of $22.636 billion and a P/E ratio of 42.57. Hilton Worldwide Holdings also saw unusually large options trading on Wednesday. Stock investors acquired 7,898 put options on the stock. This represents an increase of 210% compared to the average daily volume of 2,545 put options.

Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Hilton Worldwide Holdings will post $0.66 EPS for the current fiscal year.

A number of other firms have also recently commented on HLT. Analysts at Craig Hallum upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd. Separately, analysts at Susquehanna raised their price target on shares of Hilton Worldwide Holdings from $26.00 to $27.00 in a research note on Wednesday, May 14th. Finally, analysts at Credit Suisse raised their price target on shares of Hilton Worldwide Holdings from $25.00 to $26.00 in a research note on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Hilton Worldwide Holdings has an average rating of “Buy” and an average price target of $25.18.

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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