Wolfe Research Initiates Coverage on Hilton Worldwide Holdings Inc to Outperform

Wolfe Research Initiates Coverage on Hilton Worldwide Holdings Inc(NYSE:HLT). The shares have been rated Outperform. The rating by Wolfe Research was issued on Jul 6, 2016.

In a different note, 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) made into the market gainers list on Mondays trading session with the shares advancing 0.56% or 0.13 points. Due to strong positive momentum, the stock ended at $23.46, which is also near the day’s high of $23.57. The stock began the session at $23.5 and the volume stood at 37,22,692 shares. The 52-week high of the shares is $28.52 and the 52 week low is $16.16. The company has a current market capitalization of $23,220 M and it has 98,97,68,080 shares in outstanding.

Hilton Worldwide Holdings Inc(HLT) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.75B. Analysts had an estimated revenue of $2.72B. Earnings per share were $0.17. Analysts had estimated an EPS of $0.16.

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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