Cantor Fitzgerald Reaffirms Their Hold Rating on Park Hotels & Resorts (PK)

In a report released on February 12, Jay Kornreich from Cantor Fitzgerald maintained a Hold rating on Park Hotels & Resorts, with a price target of $11.00. The company’s shares closed last Friday at $11.42.

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According to TipRanks, Kornreich is a 3-star analyst with an average return of 7.7% and an 88.89% success rate. Kornreich covers the Real Estate sector, focusing on stocks such as Essential Properties Realty, Park Hotels & Resorts, and Global Net Lease.

In addition to Cantor Fitzgerald, Park Hotels & Resorts also received a Hold from Morgan Stanley’s Stephen Grambling in a report issued on February 9. However, on February 3, J.P. Morgan maintained a Sell rating on Park Hotels & Resorts (NYSE: PK).

Based on Park Hotels & Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $610 million and a GAAP net loss of $16 million. In comparison, last year the company earned a revenue of $649 million and had a net profit of $54 million

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PK in relation to earlier this year. Last month, Christie Kelly, a Director at PK bought 2,949.00 shares for a total of $32,999.31.