Hilton Hotels (HLT) Rating Increased to Buy at ValuEngine

Hilton Hotels (NYSE:HLT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

HLT has been the topic of a number of other reports. Evercore ISI upgraded Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 price target on the stock in a research report on Friday, October 26th. Argus cut Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Monday, November 5th. Sanford C. Bernstein cut Hilton Hotels from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 16th. Zacks Investment Research cut Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co upgraded Hilton Hotels from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $87.00 to $74.00 in a research report on Thursday, October 25th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.28.

NYSE:HLT traded up $1.97 during trading hours on Monday, reaching $75.09. 3,383,700 shares of the stock were exchanged, compared to its average volume of 3,424,277. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 13.03. Hilton Hotels has a 52 week low of $63.76 and a 52 week high of $88.11. The company has a market cap of $21.69 billion, a PE ratio of 37.55, a P/E/G ratio of 4.16 and a beta of 1.31.

Hilton Hotels (NYSE:HLT) last released its earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. Hilton Hotels’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. As a group, sell-side analysts expect that Hilton Hotels will post 2.7 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of HLT. Ancora Advisors LLC acquired a new stake in Hilton Hotels in the 3rd quarter valued at approximately $114,000. Nisa Investment Advisors LLC acquired a new stake in Hilton Hotels in the 2nd quarter valued at approximately $142,000. First Hawaiian Bank acquired a new stake in Hilton Hotels in the 3rd quarter valued at approximately $152,000. Cerebellum GP LLC acquired a new stake in Hilton Hotels in the 3rd quarter valued at approximately $187,000. Finally, Chicago Partners Investment Group LLC increased its position in Hilton Hotels by 100.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,920 shares of the company’s stock valued at $200,000 after acquiring an additional 1,460 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Hilton Hotels Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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