Hilton Worldwide (NYSE:HLT) had its target price upped by analysts at Royal Bank of Canada to $96.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 9.48% from the stock’s previous close.
HLT has been the subject of a number of other reports. FBR & Co reaffirmed a “neutral” rating and issued a $73.00 target price on shares of Hilton Worldwide in a research note on Thursday, October 26th. Argus raised their target price on Hilton Worldwide from $2.40 to $94.00 and gave the stock a “positive” rating in a research note on Wednesday, January 3rd. Raymond James Financial raised Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from $78.00 to $69.00 in a research note on Monday, January 8th. Morgan Stanley reaffirmed a “buy” rating on shares of Hilton Worldwide in a research note on Friday, December 8th. Finally, Barclays raised their target price on Hilton Worldwide from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $76.18.
Shares of Hilton Worldwide (NYSE HLT) opened at $87.69 on Monday. Hilton Worldwide has a 52 week low of $55.79 and a 52 week high of $87.69. The stock has a market capitalization of $28,056.54, a price-to-earnings ratio of 797.18, a price-to-earnings-growth ratio of 6.55 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53.
Hilton Worldwide announced that its Board of Directors has initiated a share repurchase program on Thursday, November 16th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in Hilton Worldwide by 15.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,713,738 shares of the company’s stock valued at $1,384,874,000 after acquiring an additional 8,484,580 shares during the period. Wellington Management Group LLP boosted its holdings in Hilton Worldwide by 12.5% during the 1st quarter. Wellington Management Group LLP now owns 49,864,938 shares of the company’s stock valued at $1,122,959,000 after acquiring an additional 5,522,123 shares during the period. Norges Bank purchased a new position in Hilton Worldwide during the 4th quarter valued at about $989,245,000. Vanguard Group Inc. boosted its holdings in Hilton Worldwide by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,873,672 shares of the company’s stock valued at $537,875,000 after acquiring an additional 798,781 shares during the period. Finally, Vulcan Value Partners LLC boosted its holdings in Hilton Worldwide by 58.0% during the 2nd quarter. Vulcan Value Partners LLC now owns 17,641,732 shares of the company’s stock valued at $397,469,000 after acquiring an additional 6,474,297 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.
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About Hilton Worldwide
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.