Will This Price Target Increase Have A Positive Affect On Host Hotels and Resorts (HST) Stock Today?

NEW YORK (TheStreet) -- Host Hotels and Resorts Inc.'s (HST) price target was raised to $22 from $19 by analysts at UBS (UBS) on Wednesday.

The firm said it upped its numbers on the REIT which owns properties and conducts operations through luxury hotels and resorts around the world, based on a valuation call due to increased transient business.

UBS has a "neutral" rating on the stock.

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Separately, TheStreet Ratings team rates HOST HOTELS & RESORTS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate HOST HOTELS & RESORTS INC (HST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Powered by its strong earnings growth of 500.00% and other important driving factors, this stock has surged by 33.17% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • HOST HOTELS & RESORTS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HOST HOTELS & RESORTS INC turned its bottom line around by earning $0.27 versus -$0.01 in the prior year. This year, the market expects an improvement in earnings ($0.67 versus $0.27).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 219.6% when compared to the same quarter one year prior, rising from $56.00 million to $179.00 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 10.3%. Since the same quarter one year prior, revenues slightly increased by 6.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • You can view the full analysis from the report here: HST Ratings Report
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