Hilton Worldwide Holdings Inc. is a $65.3 billion hospitality company managing over 8,300 properties worldwide. The company’s diverse brand portfolio includes Hilton Hotels & Resorts and Home2 Suites, with the Hilton Honors loyalty program boasting 195 million members, driving customer retention and revenue growth.
Despite slipping from its 52-week high of $279.81, HLT stock has gained 9.9% over the past three months, outperforming the S&P 500. Shares rose 12.4% YTD and 30.4% over the past 52 weeks, trading above moving averages since May.
Following its Q2 earnings report, HLT shares dropped 2.6%. Total revenue increased by 6.3% to $3.1 billion, with adjusted EBITDA growing 9.9% to $1 billion compared to the previous year. Adjusted EPS of $2.20 exceeded estimates, but investor sentiment was affected by lower occupancy rates.
HLT’s rival, Marriott International, Inc., lagged behind with a 3.9% YTD downtick. Wall Street analysts are bullish on HLT, with a consensus “Moderate Buy” rating and a mean price target of $279.52, suggesting a potential upside of 1% from current levels.
Read more at Yahoo Finance: Is Hilton Stock Outperforming the S&P 500?