Hilton Worldwide (NYSE:HLT) Price Target Raised to $325.00

Hilton Worldwide (NYSE:HLT) had its price target upped by investment analysts at Evercore ISI from $280.00 to $325.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s target price points to a potential upside of 9.72% from the company’s previous close.

Several other analysts also recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $332.00 to $338.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Jefferies Financial Group boosted their price target on Hilton Worldwide from $322.00 to $339.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Macquarie raised their price objective on Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group upgraded shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $285.00 to $317.00 in a research note on Monday, December 15th. Finally, Sanford C. Bernstein raised their price target on Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $296.06.

Hilton Worldwide Stock Up 2.1%

Shares of Hilton Worldwide stock opened at $296.20 on Thursday. The business has a fifty day simple moving average of $285.45 and a 200-day simple moving average of $274.19. The stock has a market cap of $68.85 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Hilton Worldwide has a 12 month low of $196.04 and a 12 month high of $306.28.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. Hilton Worldwide had a net margin of 14.19% and a negative return on equity of 42.78%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business earned $1.92 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts expect that Hilton Worldwide will post 7.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Clearstead Trust LLC acquired a new position in Hilton Worldwide in the second quarter valued at about $30,000. Sagard Holdings Management Inc. bought a new position in shares of Hilton Worldwide in the second quarter worth about $30,000. Caitlin John LLC bought a new position in Hilton Worldwide in the 3rd quarter valued at approximately $32,000. Bank of Jackson Hole Trust lifted its stake in shares of Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after acquiring an additional 73 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC raised its position in Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after purchasing an additional 45 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.