Hilton Worldwide Holdings Stock Rating Reaffirmed by SunTrust (HLT)
Hilton Worldwide Holdings (NYSE:HLT)‘s stock had its “neutral” rating reiterated by investment analysts at SunTrust in a note issued to investors on Monday. They currently have a $26.00 price target on the stock, up from their previous price target of $24.00. SunTrust’s target price suggests a potential upside of 7.04% from the stock’s previous close.
Hilton Worldwide Holdings (NYSE:HLT) traded down 0.21% during mid-day trading on Monday, hitting $24.24. The stock had a trading volume of 1,529,529 shares. Hilton Worldwide Holdings has a one year low of $20.55 and a one year high of $25.82. The stock’s 50-day moving average is $23.90 and its 200-day moving average is $22.54. The company has a market cap of $23.867 billion and a P/E ratio of 41.59.
Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Friday, August 1st. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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.
A number of other firms have also recently commented on HLT. Analysts at Barclays reiterated an “overweight” rating on shares of Hilton Worldwide Holdings in a research note on Monday. They now have a $27.00 price target on the stock, up previously from $26.00. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.94.
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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