Hilton Hotels Co. (HLT) Receives $87.07 Average Target Price from Brokerages

Shares of Hilton Hotels Co. (NYSE:HLT) have been assigned a consensus rating of “Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $86.93.

A number of analysts have issued reports on the company. Robert W. Baird set a $88.00 price objective on Hilton Hotels and gave the stock a “buy” rating in a research note on Friday. Longbow Research assumed coverage on Hilton Hotels in a research note on Friday, September 7th. They issued a “buy” rating and a $96.00 price objective on the stock. ValuEngine downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Berenberg Bank raised Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, Zacks Investment Research downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Monday, July 30th.

NYSE:HLT traded down $1.39 during trading hours on Friday, reaching $70.66. The stock had a trading volume of 7,329,103 shares, compared to its average volume of 3,282,015. The company has a debt-to-equity ratio of 13.51, a current ratio of 0.78 and a quick ratio of 0.78. Hilton Hotels has a 52 week low of $70.39 and a 52 week high of $88.11. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.76 and a beta of 1.26.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.70. Hilton Hotels had a return on equity of 50.91% and a net margin of 15.53%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that Hilton Hotels will post 2.7 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, August 9th. Hilton Hotels’s dividend payout ratio is currently 30.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in shares of Hilton Hotels by 61.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 29,254 shares of the company’s stock valued at $2,316,000 after purchasing an additional 11,173 shares during the last quarter. Impax Asset Management LLC bought a new position in shares of Hilton Hotels during the 2nd quarter valued at approximately $271,000. Morgan Stanley increased its position in shares of Hilton Hotels by 6.1% during the 2nd quarter. Morgan Stanley now owns 994,725 shares of the company’s stock valued at $78,742,000 after purchasing an additional 57,185 shares during the last quarter. Korea Investment CORP increased its position in shares of Hilton Hotels by 174.8% during the 2nd quarter. Korea Investment CORP now owns 217,407 shares of the company’s stock valued at $17,210,000 after purchasing an additional 138,300 shares during the last quarter. Finally, FMR LLC increased its position in shares of Hilton Hotels by 86.0% during the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock valued at $1,157,730,000 after purchasing an additional 6,763,660 shares during the last quarter. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

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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