Citigroup Maintains Hilton Worldwide Holdings Inc to Buy with Price Target $26.00

Brokerage firm Citigroup Maintains its rating on Hilton Worldwide Holdings Inc(NYSE:HLT). In a research note issued to the investors, the brokerage major Raises the price-target to $26.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Aug 5, 2016.

In a different note, On Jul 28, 2016, Deutsche Bank said it Maintains its rating on Hilton Worldwide Holdings Inc. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, JMP Securities said it Maintains its rating on Hilton Worldwide Holdings Inc. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Market Outperform’ by the firm. On Jul 28, 2016, Morgan Stanley said it Maintains its rating on Hilton Worldwide Holdings Inc. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Overweight’ by the firm. Wolfe Research said it Initiates Coverage on Hilton Worldwide Holdings Inc, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Outperform’ by the firm. On May 19, 2016, Bank of America said it Downgrades its rating on Hilton Worldwide Holdings Inc. The shares have been rated ‘Neutral’ by the firm. On May 13, 2016, Citigroup said it Maintains its rating on Hilton Worldwide Holdings Inc. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Buy’ by the firm.

Hilton Worldwide Holdings Inc (HLT) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.08% at a volume of 1,49,37,491. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.35. The peak price level was also seen at $24.35 while the days lowest was $24.13. Finally the shares closed at $24.28. The 52-week high of the shares is $26.27 while the 52-week low is $16.16. According to the latest information available, the market cap of the company is $24,032 M.

Hilton Worldwide Holdings Inc(HLT) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.05B. Analysts had an estimated revenue of $3.06B. Earnings per share were $0.25. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2015, Kevin J Jacobs (officer ) sold 24,900 shares at $24.88 per share price.Also, On Aug 10, 2015, Douglas M Steenland (director) purchased 10,000 shares at $26.10 per share price.On May 12, 2015, Paula A Kuykendall (officer ) sold 28,766 shares at $30.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Hilton Worldwide Holdings Inc. is a hospitality company. The Company comprises of approximately 4322 hotels resorts and timeshare properties comprising of 715062 rooms in 94 countries and territories. The Company operates through three segments: management and franchise ownership and timeshare. The Company’s brands are Waldorf Astoria Hotels & Resorts Conrad Hotels & Resorts Canopy by Hilton Hilton Hotels & Resorts Curio–A Collection by Hilton DoubleTree by Hilton Embassy Suites Hotels Hilton Garden Inn Hampton Hotels Homewood Suites by Hilton Home2 Suites by Hilton and Hilton Grand Vacations. The Company also offers customer loyalty program which provides reward points for the guests for each stay at any of its more than 4300 hotels around the world which are then redeemable for free hotel nights and other rewards.

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