Hilton Worldwide (HLT) Boosts Buyback Program by $3.5 Billion to $4.6 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: Yahoo Finance
- Buyback Program Expansion: Hilton's board approved a $3.5 billion increase to its existing stock repurchase program, raising the total buyback amount to $4.6 billion, reflecting the company's confidence in future growth.
- Market Rating Upgrade: Goldman Sachs upgraded Hilton's stock from Neutral to Buy, setting a price target of $317, with expectations of $11 billion in stock repurchases over the next four years, representing 20% of total market capitalization.
- Competitive Industry Advantage: Hilton's strong competitive edge in revenue per available room is evident, particularly in the higher-end consumer segment and international markets, enhancing its market position.
- Robust Room Pipeline: The company boasts a large pipeline of existing room counts, further solidifying its leadership in the global hospitality industry and indicating significant growth potential ahead.
Analyst Views on HLT
Wall Street analysts forecast HLT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HLT is 292.37 USD with a low forecast of 253.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
11 Buy
7 Hold
0 Sell
Moderate Buy
Current: 296.170
Low
253.00
Averages
292.37
High
340.00
Current: 296.170
Low
253.00
Averages
292.37
High
340.00
About HLT
Hilton Worldwide Holdings Inc. is a global hospitality company that is engaged in managing, franchising, owning and leasing hotels and resorts, and licensing its intellectual property, including brand names, trademarks and service marks. It has a portfolio of over 24 brands comprising more than 8,400 properties and more than 1.25 million rooms in 140 countries and territories. It has two segments: management and franchise and ownership. The management and franchise segment includes all the hotels it manages for third-party owners, as well as all franchised hotels that license its intellectual property (IP), and/or use its booking channels and related programs, and where it provides other contracted services to third-party owners. The ownership segment includes nightly hotel room sales, food and beverage sales and other services at its consolidated owned and leased hotels. Its brands include Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
