In yesterday’s Wall Street session, Park Hotels & Resorts Inc (NYSE:PK) shares traded at $15.23, down -0.72% from the previous session.
PK stock price is now -7.46% away from the 50-day moving average and 5.56% away from the 200-day moving average. The market capitalization of the company currently stands at $3.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $20, Evercore ISI recently Upgraded its rating from In-line to Outperform for Park Hotels & Resorts Inc (NYSE: PK). On March 22, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $14 to quote $20, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, ECKERT THOMAS D, Director bought 30,000 shares of the company’s stock on May 09 ’24. The stock was bought for $473,598 at an average price of $15.79. Upon completion of the transaction, the Director now directly owns 137,478 shares in the company, valued at $2.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Director Garrett Geoffrey sold 1,255 shares of the business’s stock. A total of $19,906 was realized by selling the stock at an average price of $15.86. This leaves the insider owning 39,190 shares of the company worth $0.6 million. A total of 2.47% of the company’s stock is owned by insiders.
During the past 12 months, Park Hotels & Resorts Inc has had a low of $10.06 and a high of $18.05. According to the stock market information, the enterprise value for the company is $7489400832, which is based on a 34.35 price-to-earnings ratio, a 4.29 price-to-earnings-growth ratio, and a beta of 2.06. The fifty day moving average price for PK is $16.412 and a two-hundred day moving average price translates $14.9809 for the stock.
The latest earnings results from Park Hotels & Resorts Inc (NYSE: PK) was released for 2024-03-31. The net profit margin was 3.42% and return on equity was 2.29% for PK. The company reported revenue of $639.0 million for the quarter, compared to $648.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.39 percent.
