Barclays Reiterates Overweight Rating for Hilton Worldwide Holdings (HLT)
Hilton Worldwide Holdings (NYSE:HLT)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Monday. They currently have a $27.00 target price on the stock, up from their previous target price of $26.00. Barclays’ price target suggests a potential upside of 11.16% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Hilton Worldwide Holdings from $25.50 to $26.50 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Hilton Worldwide Holdings from $27.00 to $29.00 in a research note on Wednesday, July 23rd. They now have a “positive” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide Holdings from $27.00 to $28.00 in a research note on Tuesday, July 15th. They now have an “overweight” rating on the stock. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Hilton Worldwide Holdings presently has an average rating of “Buy” and an average target price of $25.82.
Hilton Worldwide Holdings (NYSE:HLT) traded down 1.03% during mid-day trading on Monday, hitting $24.04. The stock had a trading volume of 360,633 shares. Hilton Worldwide Holdings has a 52-week low of $20.55 and a 52-week high of $25.82. The stock has a 50-day moving average of $23.90 and a 200-day moving average of $22.54. The company has a market cap of $23.670 billion and a price-to-earnings ratio of 41.59.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.56 billion. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings will post $0.67 earnings per share for the current fiscal year.
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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