[Business Wire] Hilton Worldwide Holdings Inc (NYSE:HLT)(TREND ANALYSIS) joined Curio – A Collection by Hilton. As Hilton Worldwide’s growing global collection of distinctive hotels, Curio caters to passionate travelers seeking local discovery and authentic experiences. Set amid the pristine Northern coast of Jamaica, Jewel Dunn’s River Beach Resort & Spa, Ocho Rios, Curio Collection by Hilton offers an exclusive, adults-only, all-inclusive experience designed to relax, refresh and rejuvenate.
“The Northern coast of Jamaica is a treasure trove of remarkable sensory experiences – everything from zip lining through the rainforest at Mystic Mountain to touring the birthplace of reggae king Bob Marley in Nine Mile,” said Dianna Vaughan, global head, Curio – A Collection by Hilton. “With its distinct culture, beautiful beaches and iconic music, it’s fitting for Curio – a brand that celebrates unique communities and individuality – to expand our global collection with such an exemplary resort as Jewel Dunn’s River Beach Resort & Spa, Ocho Rios.”
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Hilton Worldwide Holdings Inc (NYSE:HLT) stock is currently trading 19.43% below its 52-week-high, 22.88% above its 52-week-low. The 1-year stock price history is in the range of $20.72 – $31.6. Hilton Worldwide Holdings Inc (HLT) has a price to earnings ratio of 39.17 versus Services sector average of 18.08. HLT stock price has outperformed the S&P 500 by 3.1%. The Hotels & Motels company is currently valued at $25.14 billion and its share price closed the last trading session at $25.46. The stock has a 50-day moving average of $25.57 and a 200-day moving average of $28.1.
Hilton Worldwide Holdings Inc (HLT) current short interest stands at 11.65 million shares. It has increased by 141% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 6.21 million shares, the number of days required to cover the short positions stand at 1.9 days.
The company is expected to announce next quarter earnings on October 30, at consensus estimate of $0.23. Hilton Worldwide Holdings Inc (HLT) reported last quarter earnings on July 29. The Hotels & Motels company announced earnings per share of $0.19 against a consensus Street estimate of $0.22, missing estimate by $0.03. This corresponds to an increase of $0.02 compared to the same quarter of the previous fiscal year.
Is this a Buying Opportunity? Click here for a free Trend Analysis Report
There are currently twenty-one analysts that cover Hilton Worldwide Holdings Inc stock. Of those twenty-one, eighteen have a Buy rating, three have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $32.45.
A recent analyst activity consisted of Evercore Partners upgrading their Hold rating to Buy on August 5. Evercore Partners increased their price target on HLT from $30 to $31. This corresponds to a 21.76% upside from the last closing price. On the date of report, the stock closed at $25.71.
Goldman Sachs downgraded their Buy rating to Neutral on the same day, and decreased their price target from $31.5 to $28. This corresponds to a 9.98% upside from the last closing price. On the date of report, the stock closed at $25.71.
Another research firm was Citigroup who reiterated their Buy stance on May 6. Citigroup increased their price target on Hilton Worldwide Holdings Inc from $33 to $34. This translates to a 33.54% upside from the last closing price. On the date of report, the stock closed at $28.98.
Hilton Worldwide Holdings Inc. operates in the hospitality industry. The Company owns and manages hotels, resorts and time share properties globally.