Hilton Worldwide (HLT) Price Target Raised to $94.00

Hilton Worldwide (NYSE:HLT) had its price objective increased by Argus from $2.40 to $94.00 in a research note released on Wednesday, January 3rd, The Fly reports. They currently have a positive rating on the stock.

Several other analysts have also recently weighed in on HLT. B. Riley reissued a neutral rating on shares of Hilton Worldwide in a research note on Wednesday, November 1st. FBR & Co reissued a neutral rating and issued a $73.00 price objective on shares of Hilton Worldwide in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Hilton Worldwide from a hold rating to a buy rating and set a $77.00 price target on the stock in a research report on Wednesday, September 27th. Royal Bank of Canada reaffirmed a buy rating and set a $70.00 price target on shares of Hilton Worldwide in a research report on Friday, October 27th. Finally, Wells Fargo & Co cut shares of Hilton Worldwide from an outperform rating to a market perform rating and set a $78.00 price target on the stock. in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $73.29.

Shares of Hilton Worldwide (NYSE:HLT) traded up $1.42 during trading hours on Wednesday, hitting $83.07. 3,886,300 shares of the stock traded hands, compared to its average volume of 2,052,275. The firm has a market capitalization of $26,820.00, a P/E ratio of 830.70, a PEG ratio of 7.03 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide has a 52 week low of $55.00 and a 52 week high of $83.21.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. Hilton Worldwide had a net margin of 0.33% and a return on equity of 27.32%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. sell-side analysts expect that Hilton Worldwide will post 1.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, November 17th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.72%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 600.00%.

Hilton Worldwide declared that its board has initiated a share buyback program on Thursday, November 16th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in HLT. QS Investors LLC boosted its position in shares of Hilton Worldwide by 749.6% during the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after purchasing an additional 2,084 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Hilton Worldwide during the 3rd quarter worth about $151,000. Commonwealth Bank of Australia boosted its position in shares of Hilton Worldwide by 255.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after purchasing an additional 2,173 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Hilton Worldwide in the 3rd quarter worth about $208,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Hilton Worldwide in the 3rd quarter worth about $208,000. 99.19% of the stock is currently owned by institutional investors.

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Hilton Worldwide Company Profile

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.

The Fly

Analyst Recommendations for Hilton Worldwide (NYSE:HLT)

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