Hilton Worldwide Holdings Inc. (HLT) Monthly Report
Publication Date: September 22, 2024
Company Overview
Hilton Worldwide Holdings Inc. (HLT), headquartered in McLean, Virginia, is a leading hospitality company renowned for its diverse portfolio of hotels and resorts. Established in 1919, Hilton operates a range of luxury brands, including Waldorf Astoria and Conrad, alongside more budget-friendly options like Hampton by Hilton and Tru by Hilton. The company serves a global market, with properties in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. As part of the Consumer Cyclical sector and the Lodging industry, Hilton has demonstrated remarkable adaptability and resilience, making it a noteworthy investment option in the ever-evolving hospitality landscape.
Financial Performance and Market Outlook
The lodging industry remains a significant segment within the consumer cyclical sector, presenting substantial growth prospects that support a “buy” recommendation for Hilton. With total revenue reaching approximately $4.62 billion, Hilton is well-positioned to capitalize on the recovery from recent economic fluctuations and rising travel demand. Analysts project a target high price of $254.00 for HLT, indicating potential upside for investors. Conversely, a target mean price of $219.96 reflects a more cautious perspective based on ongoing market analysis. Presently, Hilton’s stock is priced at $224.64, situated near its 52-week high of $229.03, signaling positive market performance compared to historical averages.
Investment Considerations
Hilton has a total of 246,427,008 shares outstanding, with 241,853,410 shares available for trading. The relatively low short interest of approximately 0.0194% suggests a mostly optimistic outlook among investors regarding HLT. Furthermore, with a recommendation mean of 2.4 from 22 surveyed analysts, the consensus indicates that now may be an opportune time for potential investors to consider acquiring shares. The fifty-day moving average is currently at $214.95, positioning the stock above this average, potentially indicative of bullish investor sentiment and an upward trajectory for HLT’s performance. Overall, Hilton Worldwide Holdings Inc. presents a compelling investment opportunity in the lodging industry, supported by a strong financial foundation and market optimism.
| Metric | Value |
|---|---|
| Market Cap | $55.4b |
| Total Debt | $11.0b |
| Total Cash | $731.0m |
| Shares Outstanding | 246.4m |
| Float Shares | 241.9m |
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