Hilton Worldwide Holdings Inc (NYSE:HLT) Price Target Increased By Goldman Sachs To $27.00

Posted on May 15 2014 - 10:11am by Nicholas Maithya

Boston, MA 05/15/2014 (wallstreetpr) – Goldman Sachs increased the price target of Hilton Worldwide Holdings Inc (NYSE:HLT) to $27.00 from $26.00. Goldman Sachs, in its report, which was released on May 12, 2014, said that it had augmented the price objective of Hilton Worldwide Holdings.

Hilton’s Quarterly Results

On May 9, 2014, Hilton Worldwide Holdings Inc (NYSE:HLT) had also announced the earning results of the company. Hilton reported $0.13 EPS for the current quarter. It is important to note that this was way too ahead than the consensus estimate of Thomson Reuters, which predicted $0.09 by $0.04.

Also, the revenue for the quarter of Hilton Worldwide Holdings Inc (NYSE:HLT) stood at $2.36 billion, in comparison to Thomson Reuters‘s $2.34 billion consensus estimate. The quarterly revenue of the company also increased 4.4% year-over-year analysis. For the present financial year, it is estimated by the analysts that Hilton, on average, will be successful in posting $0.65 earnings per share.

What other equity research analysts say?

Barclays- Various other equity research analysts also issued their reports in the context with the stocks. The Barclays’ analysts increased the price target of Hilton to $26.00 from $25.00.

UBS AG- Analysts at UBS AG also revised the shares of Hilton and raised it to buy rating from a neutral rating.  The price target of UBS AG on Hilton is now, $26.00, a considerable jump from $23.00.

Raymond James- The Raymond James’ analysts too increased price target of Hilton to $25.50 from $24.50.

It is important to note that seven of the equities research analysts have now rated Hilton Worldwide Holdings Inc (NYSE:HLT) stock with the hold rating while ten of these have buy rating on the shares of Hilton. The consensus price target of Hilton is $25.17 with a standard rating of Buy.

Hilton Worldwide Holdings, the hospitality company, till December 2013, operated 4080 resorts, hotels as well as timeshare properties. These consist of 671,926 rooms in around 90 territories and countries.

About the Author

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at nmaithya@gmail.com or follow Nicholas Kitonyi @nmaithyak on Twitter.

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