Sunstone Hotel Investors Inc (SHO) stock expected to gain 2.61% in the coming months

At the time of writing, Sunstone Hotel Investors Inc [SHO] stock is trading at $10.36, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value.

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From an analyst’s perspective:

Sunstone Hotel Investors Inc [NYSE: SHO] stock has seen the most recent analyst activity on May 07, 2024, when Compass Point upgraded its rating to a Neutral and also boosted its price target to $12 from $10. Previously, JP Morgan upgraded its rating to Neutral on December 14, 2023, and elevated its price target to $10. On December 08, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $9.50 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $10 on June 27, 2023. Compass Point downgraded its rating to Sell for this stock on March 22, 2023, and downed its price target to $9. In a note dated December 09, 2022, Raymond James downgraded an Underperform rating on this stock.

For the past year, the stock price of Sunstone Hotel Investors Inc fluctuated between $8.56 and $11.59. Currently, Wall Street analysts expect the stock to reach $10.63 within the next 12 months. Sunstone Hotel Investors Inc [NYSE: SHO] shares were valued at $10.36 at the most recent close of the market. An investor can expect a potential return of 2.61% based on the average SHO price forecast.

Analyzing the SHO fundamentals

According to Sunstone Hotel Investors Inc [NYSE:SHO], the company’s sales were 960.20M for trailing twelve months, which represents an -10.79% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.31 points at the first support level, and at 10.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.44, and for the 2nd resistance point, it is at 10.53.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.20, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 11.53.

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