Hilton Worldwide Holdings (NYSE:HLT) had its price objective hosited by Goldman Sachs from $26.00 to $27.00 in a report released on Monday, American Banking and Market News reports.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded up 0.13% during mid-day trading on Monday, hitting $23.01. The stock had a trading volume of 856,975 shares. Hilton Worldwide Holdings has a 52 week low of $20.55 and a 52 week high of $25.75. The stock has a 50-day moving average of $21.91 and a 200-day moving average of $21.95. The company has a market cap of $22.656 billion and a P/E ratio of 42.79.
Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Friday, May 9th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.04. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings will post $0.65 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Hilton Worldwide Holdings from $25.00 to $26.00 in a research note on Monday. They now have an overweight rating on the stock. Separately, analysts at UBS AG upgraded shares of Hilton Worldwide Holdings from a neutral rating to a buy rating in a research note on Monday. They now have a $26.00 price target on the stock, up previously from $23.00. Finally, analysts at Raymond James raised their price target on shares of Hilton Worldwide Holdings from $24.50 to $25.50 in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Hilton Worldwide Holdings currently has an average rating of Buy and a consensus price target of $25.17.
Hilton Worldwide Holdings Inc is a hospitality company. As of December 3, 2013, the Company operated 4,080 hotels, resorts and timeshare properties, which consisted of 671,926 rooms in 90 countries and territories.
To view Goldman Sachs’ full report, visit Goldman Sachs’ official website.
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