Global hotels giant Hilton broke out of a cup-with-handle base at the end of June and rose to an all-time high on July 15. It's still trading near that apex level.
On Wednesday the IBD Relative Strength Rating for Hilton stock climbed to 71, up from 66 the day before. The upgraded 71 RS Rating shows that Hilton stock beat more than 70% of all stocks for price performance over the last 52 weeks. That, and its other ratings, make Hilton stock one to watch.
Hilton In Top 7% Of Companies For Profit Growth
Hilton has a 93 EPS Rating out of 99 and a B- Accumulation/Distribution Rating on an A+ to E scale. the B- A/D Rating indicates that mutual funds, university funds and the like are buying more of its shares than selling. It has a mediocre 71 Composite Rating. The best growth stocks have a 90 or higher Composite.
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McLean, Va.-based Hilton operates 8,800 properties in 139 countries and territories. The company says on its website that it has hosted 3 billion guests in its more than 100-year history.
Hilton stock rose to a record 279.46 on July 15. Analyst consensus is for steady though not spectacular growth for Hilton earnings and revenue the rest of this year. Wednesday afternoon Hilton traded at XXX, XX for the day.
Hilton saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 12% to 15%, or $2.20 per share. Revenue rose from 5% to 6%, or $3.14 billion.
Ranked No. 2 In Its Industry
Hilton earns the No. 2 rank among its peers in the 11-stock Leisure-Lodging industry group. China's Atour Lifestyle is the No. 1-ranked stock in the group by ratings, according to MarketSurge research.
IBD's unique Relative Strength Rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Hilton can continue to show renewed price strength and hit that benchmark.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
Please follow James DeTar on Twitter @JimDeTar
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