Strategic Hotels and Resorts Price Target Raised to $13.00 (BEE)
Analysts at JPMorgan Chase & Co. hoisted their target price on shares of Strategic Hotels and Resorts (NYSE:BEE) from $11.50 to $13.00 in a research report issued to clients and investors on Thursday. JPMorgan Chase & Co.’s price objective suggests a potential upside of 9.61% from the stock’s previous close.
Separately, analysts at ISI Group initiated coverage on shares of Strategic Hotels and Resorts in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Strategic Hotels and Resorts has an average rating of “Buy” and a consensus target price of $11.90.
Strategic Hotels and Resorts (NYSE:BEE) traded down 0.59% during mid-day trading on Thursday, hitting $11.79. 1,054,177 shares of the company’s stock traded hands. Strategic Hotels and Resorts has a 52 week low of $8.09 and a 52 week high of $12.38. The stock has a 50-day moving average of $11.81 and a 200-day moving average of $10.89. The company has a market cap of $2.917 billion and a P/E ratio of 8.22.
Strategic Hotels and Resorts (NYSE:BEE) last released its earnings data on Monday, August 4th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.01. Analysts expect that Strategic Hotels and Resorts will post $0.67 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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