FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Host Hotels & Resorts, Inc. (HST) stock has touched a 52-week low, dipping to $12.27, as the company faces a challenging market environment. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a 1-year change of -37.27%. Despite market challenges, the company maintains strong fundamentals with a "GREAT" financial health score and trades at attractive valuation multiples. Investors are closely monitoring the stock as it navigates through the current economic headwinds, which have impacted the broader hospitality sector. The 52-week low serves as a critical point of interest for both potential buyers looking for a value entry and current shareholders concerned about the stock's downward trend. For deeper insights into HST's valuation and 13 additional ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Host Hotels & Resorts reported fourth-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings per share of $0.15, surpassing the consensus estimate of $0.13, and reported revenue of $1.43 billion, which was higher than the anticipated $1.37 billion. Host Hotels also noted a 3.3% year-over-year increase in comparable hotel Total (EPA:TTEF) Revenue Per Available Room (RevPAR) for the fourth quarter, attributed to improvements in food and beverage revenues from group business.
Morgan Stanley (NYSE:MS) upgraded Host Hotels from Underweight to Equalweight, although it reduced the price target to $15.00, citing a balanced risk-reward scenario due to the company's valuation. Citi maintained a Buy rating but lowered its price target to $19.00, reflecting adjustments in the company's financial model and revised earnings forecasts. Jefferies also adjusted its price target to $20.00 while maintaining a Buy rating, highlighting the company's growth potential from recent acquisitions and capital projects.
Citi analysts noted challenges in Host Hotels' Maui properties and higher labor costs but maintained a Buy rating with a $21.00 price target, emphasizing the company's attractive balance sheet and free cash flow. Host Hotels' outlook for 2025 includes a projected 1.0% to 3.0% growth in comparable hotel Total RevPAR, driven by improvements in group business and steady leisure demand.
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