Hilton Hotels (HLT) PT Lowered to $84.00

Hilton Hotels (NYSE:HLT) had its price target decreased by stock analysts at Royal Bank of Canada from $93.00 to $84.00 in a report issued on Monday, October 29th, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 15.75% from the stock’s previous close.

Several other research analysts have also issued reports on HLT. Longbow Research assumed coverage on shares of Hilton Hotels in a research report on Friday, September 7th. They issued a “buy” rating and a $96.00 price target on the stock. Zacks Investment Research upgraded shares of Hilton Hotels from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. ValuEngine lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. B. Riley upgraded shares of Hilton Hotels from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $91.00 to $85.00 in a research report on Thursday, October 25th. Finally, Berenberg Bank upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hilton Hotels presently has an average rating of “Buy” and an average price target of $85.28.

NYSE:HLT traded up $1.08 during midday trading on Monday, hitting $72.57. 2,499,484 shares of the stock were exchanged, compared to its average volume of 4,712,270. Hilton Hotels has a one year low of $63.76 and a one year high of $88.11. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 4.07 and a beta of 1.31. The company has a debt-to-equity ratio of 13.03, a current ratio of 0.84 and a quick ratio of 0.84.

Hilton Hotels (NYSE:HLT) last announced its earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. On average, sell-side analysts expect that Hilton Hotels will post 2.7 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of Hilton Hotels by 12.5% during the 3rd quarter. Morgan Stanley now owns 1,119,363 shares of the company’s stock valued at $90,422,000 after acquiring an additional 124,638 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Hilton Hotels by 3.9% during the 3rd quarter. Legal & General Group Plc now owns 1,265,438 shares of the company’s stock valued at $102,244,000 after acquiring an additional 47,347 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Hilton Hotels by 8,763.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 66,565 shares of the company’s stock valued at $824,000 after acquiring an additional 65,814 shares in the last quarter. NorthCoast Asset Management LLC grew its holdings in shares of Hilton Hotels by 0.5% during the 3rd quarter. NorthCoast Asset Management LLC now owns 365,611 shares of the company’s stock valued at $29,534,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Hilton Hotels by 299.6% during the 3rd quarter. Nordea Investment Management AB now owns 996,890 shares of the company’s stock valued at $80,526,000 after acquiring an additional 747,424 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

About Hilton Hotels

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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