Hilton Worldwide Holdings Given Buy Rating at Citigroup Inc. (HLT)
Hilton Worldwide Holdings (NYSE:HLT)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued on Thursday. They currently have a $27.50 price target on the stock, up from their previous price target of $26.00. Citigroup Inc.’s price target suggests a potential upside of 17.27% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie raised their price target on shares of Hilton Worldwide Holdings from $1.00 to $26.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Hilton Worldwide Holdings currently has a consensus rating of “Buy” and an average target price of $26.08.
Hilton Worldwide Holdings (NYSE:HLT) traded up 0.98% during mid-day trading on Thursday, hitting $23.68. The stock had a trading volume of 4,595,047 shares. Hilton Worldwide Holdings has a one year low of $20.55 and a one year high of $25.82. The stock has a 50-day moving average of $24.03 and a 200-day moving average of $22.58. The company has a market cap of $23.316 billion and a P/E ratio of 40.15.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly 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. Analysts expect that Hilton Worldwide Holdings will post $0.68 EPS 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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