Park Hotels & Resorts Inc. (NYSE:PK) Relative Strength Index (RSI) is 56.73, with weekly volatility at 8.82% and ATR at 0.82. The PK stock’s 52-week price range has touched low of $3.99 and a $30.55 high. Intraday shares traded counted 4.4 million, which was 49.72% higher than its 30-day average trading volume of 8.75M. Its shares traded lower over the last trading session, losing -5.17% on 05/21/20. The shares fell to a low of $9.32 before closing at $9.36. PK’s previous close was $9.87 while the outstanding shares total 238.00M. The firm has a beta of 2.15.
Investors have identified the REIT – Hotel & Motel company Park Hotels & Resorts Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.33 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Park Hotels & Resorts Inc. (PK) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1574000000 million total, with 291000000 million as their total liabilities.
PK were able to record -39.0 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 956.0 million. In cash movements, the company had a total of -13.0 million as operating cash flow.
Potential earnings growth for Park Hotels & Resorts Inc. (PK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Park Hotels & Resorts Inc. recorded a total of 599.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -10.02% coming in sequential stages and their sales for the third quarter reducing by -35.23%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 235.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 364.0 million. This allows shareholders to hold on to 238.00M with the revenue now reading -2.89 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.36 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.88 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PK sounds very interesting.
Is the stock of PK attractive?
In related news, EVP, Human Resources, Olander Jill C bought 1,300 shares of the company’s stock in a transaction that recorded on Mar 13. The purchase was performed at an average price of 7.77, for a total value of 10,101. As the purchase deal closes, the Director, NATELLI THOMAS A now bought 3,000 shares of the company’s stock, valued at 27,840. Also, EVP, Human Resources, Olander Jill C bought 3,400 shares of the company’s stock in a deal that was recorded on Mar 12. The shares were cost at an average price of 9.77 per share, with a total market value of 33,218. Following this completion of disposal, the Director, NATELLI THOMAS A now holds 3,000 shares of the company’s stock, valued at 37,290. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.
4 out of 16 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Park Hotels & Resorts Inc.. 3 analysts has assigned a Sell rating on the PK stock. The 12-month mean consensus price target for the company’s shares has been set at $12.46.