Strategic Hotels & Resorts Upgraded to Buy at Merrill Lynch (BEE)
Strategic Hotels & Resorts (NYSE:BEE) was upgraded by analysts at Merrill Lynch to a “buy” rating in a research report issued to clients and investors on Monday, ARN reports.
A number of other firms have also recently commented on BEE. Analysts at Bank of America Corp. upgraded shares of Strategic Hotels & Resorts from an “underperform” rating to a “buy” rating in a research note to investors on Monday. They now have a $11.50 price target on the stock, up previously from $8.00. Analysts at Zacks upgraded shares of Strategic Hotels & Resorts from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 26th. They now have a $10.30 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Strategic Hotels & Resorts currently has a consensus rating of “Buy” and a consensus target price of $9.85.
Shares of Strategic Hotels & Resorts (NYSE:BEE) traded up 0.11% on Monday, hitting $9.35. The stock had a trading volume of 1,477,647 shares. Strategic Hotels & Resorts has a 52 week low of $6.58 and a 52 week high of $9.69. The stock has a 50-day moving average of $9.13 and a 200-day moving average of $8.81. The company’s market cap is $1.922 billion.
Strategic Hotels & Resorts (NYSE:BEE) last released its earnings data on Tuesday, November 12th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $237.60 million for the quarter, compared to the consensus estimate of $234.15 million. Analysts expect that Strategic Hotels & Resorts will post $0.41 EPS for the current fiscal year.
Strategic Hotels & Resorts, Inc (NYSE:BEE) operates as a self-administered and self-managed real estate investment trust (REIT).
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