Dbs Bank Upgrades Hilton Worldwide (NYSE:HLT) to “Strong-Buy”

Hilton Worldwide (NYSE:HLT) was upgraded by equities researchers at Dbs Bank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on HLT. The Goldman Sachs Group restated a “neutral” rating and set a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Raymond James raised their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Jefferies Financial Group raised Hilton Worldwide from a “hold” rating to a “buy” rating and raised their price target for the stock from $228.00 to $296.00 in a report on Monday. Robert W. Baird raised their price objective on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Susquehanna raised their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.56.

Hilton Worldwide Trading Down 0.2%

Shares of HLT opened at $252.55 on Wednesday. The business’s fifty day simple moving average is $225.86 and its two-hundred day simple moving average is $243.09. The company has a market cap of $60.03 billion, a price-to-earnings ratio of 41.07, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide has a 12 month low of $194.93 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company posted $1.53 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Hilton Worldwide will post 7.89 EPS for the current year.

Institutional Trading of Hilton Worldwide

A number of institutional investors have recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $34,000. Sierra Ocean LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at about $36,000. Finally, ORG Partners LLC increased its holdings in shares of Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company’s stock valued at $38,000 after acquiring an additional 74 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.