Park Hotels & Resorts Inc. (PK)
NYSE: PK · IEX Real-Time Price · USD
16.31
-0.48 (-2.86%)
Apr 16, 2024, 10:43 AM EDT - Market open
Park Hotels & Resorts Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for PK stock have an average target of 17.88, with a low estimate of 13 and a high estimate of 24. The average target predicts an increase of 9.63% from the current stock price of 16.31.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PK stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 6 | 7 | 7 | 7 | 7 | 7 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 11 | 11 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $14 → $20 | Hold → Strong Buy | Upgrades | $14 → $20 | +22.62% | Mar 22, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $17 → $18 | Hold | Maintains | $17 → $18 | +10.36% | Mar 21, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $20 → $21 | Strong Buy | Maintains | $20 → $21 | +28.76% | Mar 14, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $23 → $24 | Strong Buy | Maintains | $23 → $24 | +47.15% | Mar 12, 2024 |
| UBS | UBS | Hold Maintains $14 → $18 | Hold | Maintains | $14 → $18 | +10.36% | Mar 6, 2024 |
Financial Forecast
Revenue This Year
2.74B
from 2.70B
Increased by 1.52%
Revenue Next Year
2.83B
from 2.74B
Increased by 3.32%
EPS This Year
0.70
from 0.44
Increased by 58.74%
EPS Next Year
0.86
from 0.70
Increased by 23.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.0B | 3.2B | 3.3B | 3.7B | 3.8B |
| Avg | 2.7B | 2.8B | 2.9B | 3.6B | 3.7B |
| Low | 2.5B | 2.6B | 2.7B | 3.4B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.3% | 15.7% | 17.7% | 24.0% | 5.3% |
| Avg | 1.5% | 3.3% | 4.0% | 21.7% | 3.3% |
| Low | -7.8% | -5.0% | -5.7% | 15.8% | -1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.04 | 1.55 | 2.03 | 3.08 | 3.47 |
| Avg | 0.70 | 0.86 | 1.27 | 3.02 | 3.40 |
| Low | 0.26 | 0.30 | 0.85 | 2.87 | 3.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 136.3% | 122.5% | 134.4% | 141.5% | 14.8% |
| Avg | 58.7% | 23.8% | 47.3% | 136.9% | 12.6% |
| Low | -39.9% | -56.5% | -1.4% | 125.4% | 7.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.