HSBC Forecasts Strong Price Appreciation for Hilton Worldwide (NYSE:HLT) Stock

Hilton Worldwide (NYSE:HLT) had its price target upped by stock analysts at HSBC from $307.00 to $319.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 7.04% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Susquehanna upped their price objective on Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. The Goldman Sachs Group upgraded shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $285.00 to $317.00 in a research report on Monday, December 15th. Macquarie upped their price target on shares of Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. Finally, TD Cowen reissued a “buy” rating on shares of Hilton Worldwide in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $297.33.

Hilton Worldwide Stock Up 0.7%

Shares of NYSE:HLT opened at $298.02 on Friday. Hilton Worldwide has a 52 week low of $196.04 and a 52 week high of $306.28. The company has a 50-day moving average price of $286.54 and a 200 day moving average price of $274.54. The company has a market cap of $69.27 billion, a P/E ratio of 43.13, a PEG ratio of 2.54 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. Analysts expect that Hilton Worldwide will post 7.89 EPS for the current year.

Institutional Trading of Hilton Worldwide

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Hilton Worldwide by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after purchasing an additional 151,984 shares during the last quarter. JPMorgan Chase & Co. increased its position in Hilton Worldwide by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after buying an additional 1,132,880 shares in the last quarter. State Street Corp raised its holdings in shares of Hilton Worldwide by 0.9% in the second quarter. State Street Corp now owns 9,595,709 shares of the company’s stock worth $2,555,721,000 after acquiring an additional 86,689 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hilton Worldwide by 2.8% in the second quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock valued at $1,666,246,000 after acquiring an additional 172,121 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Hilton Worldwide by 10.4% during the third quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock valued at $1,559,316,000 after acquiring an additional 567,651 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.