Yahoo Finance Here's Why Hilton Worldwide Holdings Inc. (HLT) is a Strong Momentum Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Hilton Worldwide Holdings Inc. (HLT)
Founded in 1919 and headquartered in McLean, VA, Hilton Worldwide Holdings is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. As of Mar 31, 2024, Hilton's development pipeline comprised nearly 3,380 hotels, with almost 472,300 rooms across 119 countries and territories — including 30 countries and territories where it currently has no running hotels. Moreover, 267,900 rooms in the development pipeline were located outside the United States and 229,700 rooms were under construction.
HLT is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are up 2.1% over the past one week and up 2% over the past four weeks. HLT has gained 41.9% in the last one-year period as well. Looking at trading volume, an average of 1,776,276 shares exchanged hands over the last 20 trading days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.03 to $7.09 per share. HLT boasts an average earnings surprise of 5%.
HLT should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report
