Hilton Worldwide (NYSE:HLT) Stock Price Expected to Rise, Evercore ISI Analyst Says

Hilton Worldwide (NYSE:HLT) had its price target lifted by equities researchers at Evercore ISI from $280.00 to $325.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 9.05% from the company’s previous close.

A number of other research firms also recently issued reports on HLT. The Goldman Sachs Group raised shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $285.00 to $317.00 in a research report on Monday, December 15th. Wells Fargo & Company increased their price target on Hilton Worldwide from $332.00 to $338.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Sanford C. Bernstein upped their target price on shares of Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group increased their target price on shares of Hilton Worldwide from $322.00 to $339.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, BMO Capital Markets increased their target price on Hilton Worldwide from $275.00 to $320.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.33.

Hilton Worldwide Stock Performance

HLT stock opened at $298.02 on Thursday. Hilton Worldwide has a one year low of $196.04 and a one year high of $306.28. The company has a fifty day moving average of $286.54 and a 200-day moving average of $274.53. The stock has a market capitalization of $69.27 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 22nd. The company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $3.01 billion. Hilton Worldwide had a negative return on equity of 42.78% and a net margin of 14.19%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. Equities analysts forecast that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Clearstead Trust LLC acquired a new position in shares of Hilton Worldwide during the second quarter valued at about $30,000. Sagard Holdings Management Inc. acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $30,000. Caitlin John LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $32,000. Bank of Jackson Hole Trust raised its position in shares of Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after acquiring an additional 73 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC boosted its position in shares of Hilton Worldwide by 52.9% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after purchasing an additional 45 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.