Hilton (NYSE:HLT) Rating Maintained
The financial firm have set price target of $74.0 on Hilton (NYSE:HLT) shares. This is 12.38 % from the previous close. In a report sent to investors on 13 June, UBS reaffirmed their Buy rating on shares of HLT.
NYSE:HLT is at the moment trading 0.55% higher at $66.21 as of 2:05 AM New York time. Hilton’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% in the same time.
Out of 23 analysts covering Hilton, 21 rate it a Buy, 3 indicate a Hold while 1 suggest a Sell. The highest target is $31 and the lowest is $20 according to Thomson/First Call. The 12-month mean target is $26.46, which means downside potential of 60.04% over the current price.
Proprium Capital Partners L.P. had the largest stake with ownership of 8.56 million shares as of Q2 2015 for 95.81% of the US long equity exposure. Blackstone Group L.P. is another bullish institutional investor who is possessing 452.79 million shares of Hilton or 59.99% of their US long equity exposure. In addition, Hound Partners Llc have 10.29% of their US long equity exposure invested in the company for 16.66 million shares. The New York-based fund Darsana Capital Partners Lp disclosed it had purchased a stake worth about 9.16% of the institutional investor’s stock portfolio in Hilton. The New York-based fund Brahman Capital Corp. is also positive about the stock, possessing 8.00 million shares or 7% of their US long equity exposure.
Hilton (NYSE:HLT) 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.
Hilton (NYSE:HLT) traded up 0.55% on 13 June, hitting $66.21. A total of 1.22M shares of the company’s stock traded hands. This is down from average of 3.03M shares. Hilton has a 52 week low of $43.37 and a 52 week high of $67.79. The company has a market cap of $22.03B and a P/E ratio of 198.99.
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