Truist Financial Sticks to Its Hold Rating for Park Hotels & Resorts (PK)

Truist Financial analyst Patrick Scholes maintained a Hold rating on Park Hotels & Resorts on February 20. The company’s shares closed last Friday at $11.25.

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Scholes covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, Choice Hotels, and Marriott International. According to TipRanks, Scholes has an average return of 8.8% and a 56.02% success rate on recommended stocks.

In addition to Truist Financial, Park Hotels & Resorts also received a Hold from TipRanks – xAI’s xAi REIT – Hotel and Motel in a report issued on February 21. However, on the same day, TipRanks – Google upgraded Park Hotels & Resorts (NYSE: PK) to a Buy.

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 77 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.