FBR Capital Markets Increases FelCor Lodging Trust Price Target to $7.50 (FCH)
Analysts at FBR Capital Markets increased their target price on shares of FelCor Lodging Trust (NYSE:FCH) from $7.00 to $7.50 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 11.61% from the company’s current price.
Separately, analysts at Goldman Sachs Group Inc. upgraded shares of FelCor Lodging Trust from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 9th. They now have a $7.25 price target on the stock, up previously from $6.20.
Shares of FelCor Lodging Trust (NYSE:FCH) traded up 0.97% during mid-day trading on Friday, hitting $6.785. 646,008 shares of the company’s stock traded hands. FelCor Lodging Trust has a 52 week low of $3.90 and a 52 week high of $6.47. The stock’s 50-day moving average is $6.35 and its 200-day moving average is $6.05. The company’s market cap is $842.2 million.
FelCor Lodging Trust (NYSE:FCH) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $241.02 million. During the same quarter last year, the company posted $0.08 earnings per share. FelCor Lodging Trust’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that FelCor Lodging Trust will post $0.39 EPS for the current fiscal year.
FelCor Lodging Trust Incorporated is a real estate investment trust (NYSE:FCH).
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