JPMorgan Chase & Co. Increases Chesapeake Lodging Trust Price Target to $30.00 (CHSP)
Stock analysts at JPMorgan Chase & Co. raised their price target on shares of Chesapeake Lodging Trust (NASDAQ:CHSP) from $26.00 to $30.00 in a report issued on Tuesday. JPMorgan Chase & Co.’s target price would suggest a potential upside of 2.70% from the company’s current price.
Chesapeake Lodging Trust (NASDAQ:CHSP) traded down 4.42% on Tuesday, hitting $29.21. 430,486 shares of the company’s stock traded hands. Chesapeake Lodging Trust has a one year low of $21.72 and a one year high of $31.07. The stock has a 50-day moving average of $30.30 and a 200-day moving average of $27.53. The company has a market cap of $1.430 billion and a price-to-earnings ratio of 37.04.
Chesapeake Lodging Trust (NASDAQ:CHSP) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.30. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $129.99 million. Chesapeake Lodging Trust’s revenue was up 11.5% compared to the same quarter last year. Analysts expect that Chesapeake Lodging Trust will post $0.90 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets downgraded shares of Chesapeake Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 12th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. Analysts at Robert W. Baird raised their price target on shares of Chesapeake Lodging Trust from $29.00 to $31.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.96.
Chesapeake Lodging Trust (NASDAQ:CHSP) is a self-advised real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.