Somewhat Positive Media Coverage Somewhat Unlikely to Impact Park Hotels & Resorts (PK) Stock Price

Media headlines about Park Hotels & Resorts (NYSE:PK) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.8399217442629 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Park Hotels & Resorts (NYSE:PK) traded down $0.04 during midday trading on Tuesday, reaching $28.77. 798,600 shares of the company were exchanged, compared to its average volume of 2,018,402. Park Hotels & Resorts has a 1-year low of $24.65 and a 1-year high of $33.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.26 and a quick ratio of 1.26.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $688.00 million during the quarter, compared to the consensus estimate of $676.76 million. Park Hotels & Resorts had a net margin of 93.04% and a return on equity of 46.66%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. analysts forecast that Park Hotels & Resorts will post 2.74 earnings per share for the current fiscal year.

A number of research firms have recently commented on PK. Zacks Investment Research cut shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Boenning Scattergood set a $29.00 target price on shares of Park Hotels & Resorts and gave the stock a “buy” rating in a report on Wednesday, October 18th. Canaccord Genuity dropped their target price on shares of Park Hotels & Resorts from $30.00 to $29.00 and set a “buy” rating for the company in a report on Friday, August 4th. Finally, Nomura raised their price objective on shares of Park Hotels & Resorts from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, November 6th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Park Hotels & Resorts has an average rating of “Hold” and a consensus price target of $34.87.

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About Park Hotels & Resorts

Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.

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