Macquarie Issues an Upgrade on Hilton Hotels (NYSE:HLT) Shares. What’s Next?


Hilton Hotels (NYSE:HLT) Stock Upgrade

In a very recent research note distributed to Clients on 3 December, equity analysts at the Macquarie equities research division boosted shares of Hilton Hotels (NYSE:HLT) stock from a “Neutral” to a respectable “Outperform” rating.

From a total of 21 analysts covering Hilton Worldwide Holdings (NYSE:HLT) stock, 19 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 86% of the ratings are positive. The highest target price is $35 while the lowest target price is $24. The mean of all analyst targets is $31.33 with a 31.59% above today’s ($23.39) stock price. Hilton Worldwide Holdings was the topic of 13 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. FBR Capital initiated shares on November 20 with “Mkt Perform” rating. Deutsche Bank maintained HLT stock in a recent report from September 22 with “Buy” rating. Finally, Goldman Sachs downgraded the stock to “Neutral” rating in a report issued on an August 5.

Approximately 934,235 shares of stock traded hands. Hilton Worldwide Holdings Inc (NYSE:HLT) has declined 19.58% since April 30, 2015 and is downtrending. It has underperformed by 19.29% the S&P500.

Hilton Worldwide Holdings Inc. is a hospitality company. The company has a market cap of $23.08 billion. The Firm comprises of approximately 4,322 hotels, resorts and timeshare properties comprising of 715,062 rooms in 94 countries and territories. It has 30.9 P/E ratio. The Firm operates through three divisions: management and franchise, ownership and timeshare.

According to Zacks Investment Research, “Hilton Worldwide Holdings Inc. offers hospitality service. The company is engaged in the ownership, leasing, management, development and franchising of hotels, resorts and timeshare properties. Its portfolio of brand names consists of Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton and timeshare properties under the Hilton Grand Vacations brand. Hilton Worldwide Holdings Inc. is headquartered in McLean, Virginia.” Get a free copy of the Zacks research report on Hilton Worldwide Holdings Inc (HLT).