HSBC Securities lifts Service Properties Trust [SVC] price estimate. Who else is bullish?

HAPP Stock

Service Properties Trust [NASDAQ: SVC] surged by $0.13 during the normal trading session on while it closed the day at $3.72.

Service Properties Trust stock has also loss -1.59% of its value over the past 7 days. However, SVC stock has declined by -35.86% in the 3 months of the year. Over the past six months meanwhile, it has lost -40.19% and lost -56.44% year-on date.

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The market cap for SVC stock reached $617.11 million, with 165.77 million shares outstanding and 153.13 million shares in the current float. Compared to the average trading volume of 1.41M shares, SVC reached a trading volume of 2872758 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Service Properties Trust [SVC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SVC shares is $5.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SVC stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for Service Properties Trust shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 23, 2023. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Perform. The new note on the price target was released on April 22, 2022, representing the official price target for Service Properties Trust stock. Previously, the target price had yet another drop from $15 to $13, while B. Riley Securities kept a Buy rating on SVC stock.

The Average True Range (ATR) for Service Properties Trust is set at 0.22, with the Price to Sales ratio for SVC stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 0.18.

SVC stock trade performance evaluation

Service Properties Trust [SVC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.59. With this latest performance, SVC shares dropped by -21.60% in over the last four-week period, additionally sinking by -40.19% over the last 6 months – not to mention a drop of -48.83% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SVC stock in for the last two-week period is set at 34.30, with the RSI for the last a single of trading hit 33.14, and the three-weeks RSI is set at 36.02 for Service Properties Trust [SVC]. The present Moving Average for the last 50 days of trading for this stock 4.52, while it was recorded at 3.60 for the last single week of trading, and 5.80 for the last 200 days.

Earnings per share (EPS) analysis for Service Properties Trust [SVC] stock

With the latest financial reports released by the company, Service Properties Trust posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SVC.

Service Properties Trust [SVC]: Institutional Ownership

There are presently around $79.29%, or 84.93%% of SVC stock, in the hands of institutional investors. The top three institutional holders of SVC stocks are: BLACKROCK INC. with ownership of 30.85 million shares, which is approximately 18.6821%. VANGUARD GROUP INC, holding 26.46 million shares of the stock with an approximate value of $$135.99 million in SVC stocks shares; and VANGUARD GROUP INC, currently with $$46.9 million in SVC stock with ownership which is approximately 5.5251%.

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