SunTrust Banks Increases Hilton Hotels (HLT) Price Target to $99.00

Hilton Hotels (NYSE:HLT) had its price target upped by investment analysts at SunTrust Banks to $99.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. SunTrust Banks’ price target indicates a potential upside of 24.73% from the stock’s current price.

Several other research firms also recently issued reports on HLT. Zacks Investment Research upgraded Hilton Hotels from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Robert W. Baird set a $88.00 price objective on Hilton Hotels and gave the company a “buy” rating in a report on Friday, October 19th. Morgan Stanley set a $73.00 price objective on Hilton Hotels and gave the company a “hold” rating in a report on Thursday, December 20th. Argus downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Finally, Royal Bank of Canada cut their price objective on Hilton Hotels from $93.00 to $84.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $85.05.

NYSE:HLT opened at $79.37 on Thursday. Hilton Hotels has a 52 week low of $63.76 and a 52 week high of $87.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 13.03. The firm has a market capitalization of $22.06 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 3.68 and a beta of 1.14.

Hilton Hotels (NYSE:HLT) last posted its earnings results on Wednesday, February 13th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts predict that Hilton Hotels will post 2.7 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLT. Flagship Harbor Advisors LLC grew its stake in Hilton Hotels by 100.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock worth $33,000 after purchasing an additional 233 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Hilton Hotels by 3,751.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock worth $34,000 after acquiring an additional 2,406,698 shares in the last quarter. Lindbrook Capital LLC acquired a new position in shares of Hilton Hotels during the 4th quarter worth about $37,000. We Are One Seven LLC acquired a new position in shares of Hilton Hotels during the 4th quarter worth about $55,000. Finally, Exane Derivatives boosted its position in shares of Hilton Hotels by 141.0% during the 4th quarter. Exane Derivatives now owns 976 shares of the company’s stock worth $70,000 after acquiring an additional 571 shares in the last quarter. 97.38% of the stock is 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, Hilton Wen'an, and Hilton Grand Vacations brands.

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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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