Hilton Worldwide Holdings Inc (HLT) is Downgraded by BofA/Merrill to Neutral

Hilton Worldwide Holdings Inc (HLT) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on May 19, 2016.

Many Wall Street Analysts have commented on Hilton Worldwide Holdings Inc. Credit Agricole Initiated Hilton Worldwide Holdings Inc on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $27.Shares were Reiterated by FBR Capital on Feb 29, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $32 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 27 from a previous price target of $30 .

On the company’s financial health, Hilton Worldwide Holdings Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.16. The company had revenue of $2750.00 million for the quarter, compared to analysts expectations of $2723.93 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Hilton Worldwide Holdings Inc opened for trading at $21.55 and hit $21.85 on the upside on Monday, eventually ending the session at $21.76, with a gain of 1.21% or 0.26 points. The heightened volatility saw the trading volume jump to 44,13,958 shares. Company has a market cap of $21,537 M.

In a different news, on Aug 24, 2015, Kevin J Jacobs (officer ) sold 24,900 shares at $24.88 per share price. According to the SEC, 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.

Hilton Worldwide Holdings Inc

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