Macquarie Increases Hilton Worldwide Holdings Price Target to $26.00 (HLT)
Equities researchers at Macquarie increased their target price on shares of Hilton Worldwide Holdings (NYSE:HLT) from $1.00 to $26.00 in a research report issued on Tuesday. The firm currently has a “neutral” rating on the stock. Macquarie’s price target suggests a potential upside of 7.53% from the company’s current price.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 0.99% on Tuesday, hitting $23.94. The stock had a trading volume of 431,295 shares. Hilton Worldwide Holdings has a 52-week low of $20.55 and a 52-week high of $25.82. The stock’s 50-day moving average is $23.96 and its 200-day moving average is $22.57. The company has a market cap of $23.572 billion and a price-to-earnings ratio of 41.40.
Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.21 earnings per share for the quarter, beating the analysts’ 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. Hilton Worldwide Holdings’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Hilton Worldwide Holdings will post $0.68 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at SunTrust reiterated a “neutral” rating on shares of Hilton Worldwide Holdings in a research note on Monday. They now have a $26.00 price target on the stock, up previously from $24.00. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target 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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