Yahoo Finance Here's Why Hilton Worldwide Holdings Inc. (HLT) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
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 Dec 31, 2023, Hilton's development pipeline comprised nearly 3,274 hotels, with almost 462,400 rooms across 118 countries and territories — including 30 countries and territories where it currently has no running hotels. Moreover, 259,800 rooms in the development pipeline were located outside the United States and 216,600 rooms were under construction.
HLT sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 14% and 10.2% year-over-year, respectively.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.01 to $7.08 per share. HLT also boasts an average earnings surprise of 5%.
Hilton Worldwide Holdings Inc. is also cash rich. The company has generated cash flow growth of 8.6%, and is expected to report cash flow expansion of 17.2% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, HLT should be on investors' short lists.
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Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report
