Hilton Worldwide Holdings Upgraded to “Buy” at UBS AG (HLT)

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UBS AG upgraded shares of Hilton Worldwide Holdings (NYSE:HLT) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, TheFlyOnTheWall.com reports. The firm currently has $26.00 price target on the stock, up from their previous price target of $23.00.

“in the summer, a brand to encompass iconic urban and resort hotels that don’t fit into other brands, which sounds similar to MAR’s Autograph collection, and in the fall, an ‘accessible lifestyle’ brand.” UBS expects the company to “better utilize” the company’s New York City Waldorf Astoria property. The analyst added that the company could construct similar deals to the Hawaii parking lot-to-timeshare deal. Farley continued, “In the meantime, group business grew faster than transient in Q1 for the first time, so the momentum has positive read-through for group next year as well.,” the firm’s analyst wrote.

UBS AG has also updated their ratings on a number of other stocks in the last week. The firm lowered its price target on shares of Nice Systems Ltd (ADR) from $50.00 to $46.00. Also, UBS AG lowered its price target on shares of Ctrip.com International, Ltd. (ADR) from $56.20 to $53.60. Finally, UBS AG downgraded shares of Infosys Technologies Ltd from a neutral rating to a sell rating.

HLT has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Hilton Worldwide Holdings from $24.50 to $25.50 in a research note on Friday. Separately, analysts at MKM Partners upgraded shares of Hilton Worldwide Holdings from a neutral rating to a buy rating in a research note on Wednesday, May 7th. They now have a $27.00 price target on the stock, up previously from $24.00. Finally, analysts at Morgan Stanley upgraded shares of Hilton Worldwide Holdings from an equal weight rating to an overweight rating in a research note on Wednesday, May 7th. They now have a $27.00 price target on the stock, up previously from $25.00. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $25.17.

Hilton Worldwide Holdings (NYSE:HLT) traded down 0.22% on Monday, hitting $22.93. 260,703 shares of the company’s stock traded hands. Hilton Worldwide Holdings has a 52-week low of $20.55 and a 52-week high of $25.75. The stock’s 50-day moving average is $21.91 and its 200-day moving average is $21.95. The company has a market cap of $22.577 billion and a price-to-earnings ratio of 42.79.

Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings will post $0.65 earnings per share for the current fiscal year.

Hilton Worldwide Holdings Inc is a hospitality company. As of December 3, 2013, the Company operated 4,080 hotels, resorts and timeshare properties, which consisted of 671,926 rooms in 90 countries and territories.

To view UBS AG’s full report, visit UBS AG’s official website.

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