Evercore ISI Issues Positive Forecast for Hilton Worldwide (NYSE:HLT) Stock Price

Hilton Worldwide (NYSE:HLT) had its target price hoisted by Evercore ISI from $280.00 to $325.00 in a research note issued to investors on Thursday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other research analysts have also recently commented on HLT. Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $332.00 to $338.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Robert W. Baird decreased their price objective on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Jefferies Financial Group increased their target price on Hilton Worldwide from $322.00 to $339.00 and gave the company a “buy” rating in a report on Monday, January 12th. Barclays raised their price target on Hilton Worldwide from $297.00 to $309.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Morgan Stanley upped their price objective on Hilton Worldwide from $289.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $296.06.

Hilton Worldwide Price Performance

HLT stock opened at $295.87 on Thursday. The business’s 50-day moving average is $285.96 and its two-hundred day moving average is $274.34. The firm has a market capitalization of $68.77 billion, a P/E ratio of 42.82, a P/E/G ratio of 2.52 and a beta of 1.15. Hilton Worldwide has a 1 year low of $196.04 and a 1 year high of $306.28.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Hilton Worldwide had a negative return on equity of 42.78% and a net margin of 14.19%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts expect that Hilton Worldwide will post 7.89 EPS for the current year.

Institutional Trading of Hilton Worldwide

A number of large investors have recently made changes to their positions in HLT. Clearstead Trust LLC acquired a new position in Hilton Worldwide during the second quarter worth approximately $30,000. Sagard Holdings Management Inc. purchased a new position in shares of Hilton Worldwide during the second quarter worth approximately $30,000. Caitlin John LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $32,000. Bank of Jackson Hole Trust raised its position in Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after purchasing an additional 73 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its stake in Hilton Worldwide by 52.9% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after purchasing an additional 45 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.