With a current price of $10.91, Park Hotels & Resorts Inc. [NYSE:PK] is active in the REIT – Hotel & Motel industry, with a 5-day price swing of 9.01%.
For the year, the stock is trading -57.90%, while, as a point of reference, the S&P 500 is trading 0.55% YTD. Other data to note on this name is a price per sales number of 1.19.
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Holding a Market Cap of $2.52 billion, Park Hotels & Resorts Inc. has seen a trading range over the last year of $3.99-$26.58.
For the last five days, PK is up from its last closing price. The average shares trading hands each day is 5.87M, with average 10-day volume coming in at 3.76 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for PK. When we apply the Elder Force Index to Park Hotels & Resorts Inc., we are seeing an Elder Force Indicator number of 13059.66.
The company’s enterprise value has gone from $6.15B to $5.65B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, PK made a profit of 8.0 million. Park Hotels & Resorts Inc. also saw quarter revenue growth year over year of 2.89%. In addition, the company has operating cash flow of $97.0 million.
Looking at popular technical indicators, the company’s 5-day moving average is 10.70 compared to the 50-day moving average of 10.02. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. PK currently holds a 9-day RSI of 65.29%, while 100-day RSI stands at 47.45%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. PK’s 9-day MACD is 0.32 and the company’s 100-day MACD stands at 0.81.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.79% by insiders and 101.41% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 14.50%, while the second top holder, Blackrock Inc., currently owns 12.61%.
Over the last six months, insiders have bought 7,500 with the most recent transaction from NATELLI THOMAS A, Director, with a purchase at price 11.39 per share.
Overall, the recommended rating for PK is Hold. Currently, the company has 5 analysts watching the stock, and the average quarterly earnings estimate is -0.91. Quarterly revenue estimates are averaging 139.15M with the high estimate reaching 206M and the low at 68.04M.
To review, the current 1-year target estimate is sitting at 10.67, while the current price 10.91. Based on this, we expect some pullback on the stock over time given our above analysis.