BMO Capital Initiates a Hold Rating on Park Hotels & Resorts Inc (PK)

By Ryan Adsit

BMO Capital analyst Ari Klein initiated coverage with a Hold rating on Park Hotels & Resorts Inc (PKResearch Report) today and set a price target of $25.00. The company’s shares closed last Monday at $23.06, close to its 52-week low of $23.01.

According to TipRanks.com, Klein is a 4-star analyst with an average return of 17.3% and a 78.6% success rate. Klein covers the Financial sector, focusing on stocks such as Hersha Hospitality Trust, Xenia Hotels & Resorts, and Host Hotels & Resorts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Park Hotels & Resorts Inc with a $27.75 average price target.

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The company has a one-year high of $33.02 and a one-year low of $23.01. Currently, Park Hotels & Resorts Inc has an average volume of 2.94M.

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Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments.