Canaccord Genuity Reiterates “Buy” Rating for Park Hotels & Resorts Inc. (PK)

Canaccord Genuity Reiterates “Buy” Rating for Park Hotels & Resorts Inc. (PK)

Park Hotels & Resorts Inc. (NYSE:PK)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a report released on Thursday. They currently have a $30.00 price objective on the stock. Canaccord Genuity’s target price indicates a potential upside of 8.03% from the company’s previous close.

PK has been the subject of several other reports. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Park Hotels & Resorts in a research note on Thursday, January 5th. They issued a “neutral” rating and a $31.00 target price for the company. SunTrust Banks, Inc. assumed coverage on shares of Park Hotels & Resorts in a research note on Wednesday, January 4th. They issued a “hold” rating and a $29.00 target price for the company.

Shares of Park Hotels & Resorts (NYSE:PK) opened at 27.77 on Thursday. Park Hotels & Resorts has a 52 week low of $25.77 and a 52 week high of $30.74. The company’s 50-day moving average is $27.86 and its 200 day moving average is $27.86.

The business also recently disclosed a special dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, January 19th will be paid a dividend of $2.79 per share. The ex-dividend date is Tuesday, January 17th.

About Park Hotels & Resorts

Park Hotels & Resorts Inc, formerly Hilton Worldwide, Inc, is lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment. The Company’s portfolio consists of approximately 70 hotels and resorts with approximately 36,000 rooms located in the United States and international markets.

Related posts

Leave a Comment