Hilton Worldwide Holdings Inc. (NYSE:HLT)‘s stock had its “buy” rating reiterated by SunTrust Banks, Inc. in a research note issued to investors on Tuesday. They presently have a $67.00 price objective on the stock. SunTrust Banks, Inc.’s target price suggests a potential downside of 5.81% from the company’s previous close.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of Hilton Worldwide Holdings in a research note on Friday, September 22nd. TheStreet lowered shares of Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research note on Friday, June 30th. Barclays PLC lifted their price objective on shares of Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. Finally, Berenberg Bank upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and lifted their price objective for the company from $47.00 to $65.00 in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $71.06.

Shares of Hilton Worldwide Holdings (HLT) traded down 0.31% during midday trading on Tuesday, hitting $70.91. The company had a trading volume of 154,597 shares. Hilton Worldwide Holdings has a 12-month low of $44.73 and a 12-month high of $71.38. The company’s 50-day moving average price is $67.26 and its 200 day moving average price is $63.41. The company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 590.92 and a beta of 1.30.

Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $0.25 EPS. Hilton Worldwide Holdings’s quarterly revenue was up 20.3% compared to the same quarter last year. Equities research analysts predict that Hilton Worldwide Holdings will post $1.84 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “SunTrust Banks, Inc. Reaffirms Buy Rating for Hilton Worldwide Holdings Inc. (HLT)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/17/suntrust-banks-inc-reaffirms-buy-rating-for-hilton-worldwide-holdings-inc-hlt.html.

In other Hilton Worldwide Holdings news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HLT. State Street Corp lifted its holdings in shares of Hilton Worldwide Holdings by 141.6% during the 2nd quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after acquiring an additional 4,609,697 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hilton Worldwide Holdings by 46.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock worth $841,220,000 after acquiring an additional 4,302,706 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Hilton Worldwide Holdings by 13.7% during the 2nd quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock worth $745,212,000 after acquiring an additional 1,448,078 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Hilton Worldwide Holdings by 49.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,478,949 shares of the company’s stock worth $215,173,000 after acquiring an additional 1,152,164 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Hilton Worldwide Holdings by 87.2% during the 2nd quarter. Northern Trust Corp now owns 2,118,462 shares of the company’s stock worth $131,027,000 after acquiring an additional 986,814 shares during the last quarter. 99.19% of the stock is owned by institutional investors.

Hilton Worldwide Holdings Company 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. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Analyst Recommendations for Hilton Worldwide Holdings (NYSE:HLT)

Receive News & Stock Ratings for Hilton Worldwide Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide Holdings Inc. and related stocks with our FREE daily email newsletter.