Hilton Worldwide Holdings PT Raised to $29.00 at Nomura (HLT)
Analysts at Nomura boosted their price target on shares of Hilton Worldwide Holdings (NYSE:HLT) from $26.00 to $29.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Nomura’s target price would suggest a potential upside of 16.94% from the stock’s previous close.
The analysts wrote, “HLT’s operating leverage to group’s recovery (owned and leased hotels) and ADR growth, coupled with its attractive valuation of 12.1x 2015E EBITDA make it our top pick in the lodging sector. “HLT should increase EBITDA at a 13% CAGR through 2016E. Over that period, HLT’s leverage should decline to 3.2x in 2016 from 5.3x in 2013. Factors that should lift HLT’s growth rate higher than most in its peer group are: 1) high operating leverage to stronger than expected global RevPAR growth given HLT’s 8 ‘big box’ urban convention hotels, 41 majority owned or controlled hotels, 31 JV hotels, and 75 leased locations, 2) the out-sized EBITDA margin expansion that these hotels should have, and 3) its pipeline of ~200k rooms supports 6% annual growth.”
A number of other analysts have also recently weighed in on HLT. Analysts at Cleveland Research initiated coverage on shares of Hilton Worldwide Holdings in a research note on Friday, June 27th. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.35.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 0.97% during mid-day trading on Monday, hitting $24.56. The stock had a trading volume of 2,325,062 shares. Hilton Worldwide Holdings has a one year low of $20.55 and a one year high of $25.75. The stock’s 50-day moving average is $22.61 and its 200-day moving average is $22.13. The company has a market cap of $24.182 billion and a P/E ratio of 46.18.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings data 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. Analysts expect that Hilton Worldwide Holdings will post $0.66 EPS for the current fiscal year.
In other Hilton Worldwide Holdings news, major shareholder Holdings L.P. Blackstone III sold 103,500,000 shares of the stock on the open market in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $21.94, for a total value of $2,270,790,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
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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