JPMorgan Chase & Co. Raises Hilton Worldwide (HLT) Price Target to $94.00

Hilton Worldwide (NYSE:HLT) had its price target lifted by JPMorgan Chase & Co. from $90.00 to $94.00 in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 9.25% from the stock’s previous close.

Several other brokerages have also weighed in on HLT. SunTrust Banks increased their price objective on shares of Hilton Worldwide to $92.00 and gave the company a “buy” rating in a report on Thursday. B. Riley restated a “neutral” rating and issued a $84.00 price objective (up from $73.00) on shares of Hilton Worldwide in a report on Wednesday. Royal Bank of Canada increased their price objective on shares of Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Morgan Stanley lowered shares of Hilton Worldwide from an “overweight” rating to an “equal weight” rating and set a $84.00 price objective on the stock. in a report on Wednesday, January 17th. Finally, Raymond James Financial upgraded shares of Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $78.00 to $69.00 in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $79.33.

Shares of Hilton Worldwide (HLT) traded up $0.07 during mid-day trading on Thursday, hitting $86.04. 442,778 shares of the stock were exchanged, compared to its average volume of 2,198,589. Hilton Worldwide has a 12 month low of $55.79 and a 12 month high of $88.11. The firm has a market capitalization of $26,623.15, a price-to-earnings ratio of 780.91, a price-to-earnings-growth ratio of 6.22 and a beta of 1.32. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. Hilton Worldwide had a net margin of 0.33% and a return on equity of 27.32%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business earned $0.70 earnings per share. Hilton Worldwide’s quarterly revenue was up 23.9% on a year-over-year basis. equities research analysts anticipate that Hilton Worldwide will post 1.9 earnings per share for the current year.

Hilton Worldwide announced that its board has authorized a stock buyback program on Thursday, November 16th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jump Trading LLC acquired a new stake in Hilton Worldwide in the fourth quarter worth $286,000. Land & Buildings Investment Management LLC raised its holdings in Hilton Worldwide by 50.4% in the fourth quarter. Land & Buildings Investment Management LLC now owns 281,200 shares of the company’s stock worth $22,457,000 after purchasing an additional 94,200 shares during the period. LPL Financial LLC raised its holdings in Hilton Worldwide by 137.5% in the fourth quarter. LPL Financial LLC now owns 9,634 shares of the company’s stock worth $771,000 after purchasing an additional 5,578 shares during the period. Millennium Management LLC acquired a new stake in Hilton Worldwide in the fourth quarter worth $5,147,000. Finally, Flinton Capital Management LLC raised its holdings in Hilton Worldwide by 97.7% in the fourth quarter. Flinton Capital Management LLC now owns 8,874 shares of the company’s stock worth $709,000 after purchasing an additional 4,386 shares during the period. Institutional investors own 99.29% of the company’s stock.

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About Hilton Worldwide

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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