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Hotel Industry News |
Wednesday December 3rd, 2008 |
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All-Star Analyst Todd Jordan Recommends the Following Stocks: HLT, MAR, HOT and FS |
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CHICAGO, Aug. 27 /PRNewswire/ -- The economic downturn may still be tossing around the hotels industry, but several companies are well positioned for the recovery, according to 5-Star analyst Todd Jordan, who's recommendations returned more than +13% through July. Long-term investors should take a look at the industry, and Mr. Jordan gives you a few good places to start. http://www.allstarpicks.zacks.com/ .
(Photo: http://www.newscom.com/cgi-bin/prnh/20010924/CGM015LOGO )
Here are the details on Analyst Todd Jordan's Stock Picks for today:
Hilton Hotels Corporation (NYSE:HLT) is the country's leading hotels company with more than 2,000 hotels and timeshare resorts in the U.S., comprising over 330,000 units. Like every other company in its industry, HLT has felt the impact of the recession and the absence of the business traveler. But the company can lean on a number of diverse and popular brands, which, along with an effective business model and an intelligent management team, has helped HLT hump through the tough times while preparing it for the upcoming recovery. The company has kept supply growth in check and Jordan believes it is well positioned to take off when the recovery hits full steam. Jordan believes that HLT is an excellent value for the long-term. Jordan has set a 12-month price target at $15, assuming a target multiple of 8.0x. Earnings estimates have been set at $0.53 and $0.72 for full years 2002 and 2003 respectively.
Marriott International, Inc. (NYSE:MAR) is another leading hotel and related-lodgings operator. It has more than 2,200 lodging properties in all 50 states, as well as more than 60 other countries or territories. Much like its counterpart HLT, MAR has been hurt by the economic downturn and especially the absence of the business transient customer. It also enjoys a thriving fee-based industry and some very strong brands. However, Jordan doesn't believe that MAR will be able to grow at the same rate as it had in the past. Nevertheless, the company is still not performing at its ability and should find itself in a much better position during and after the recovery. Jordan has set a 12-month price target at $40, assuming an 18 x multiple on forward EPS in 12 months. He sees 2002 earnings at $1.77 and 2003 earnings at $2.07.
Two other companies that have experienced sluggish business but should see better days in the future include Starwood Hotels and Resorts (NYSE:HOT) and Four Seasons Hotels, Inc. (NYSE:FS). HOT has good cash flow and should benefit from a recovery largely because it owns many of its hotels. Jordan has set a 12-month price target at $27, and sees 2002 and 2003 earnings of $1.26 and $1.56 respectively.
FS operates luxury hotels under its Four Seasons and Regent brands. The company enjoys a vibrant fee-based business, but Jordan warns that the company is highly volatile. He has set a 12-month price target at $41 and sees 2002 earnings at $0.95 and 2003 earnings at $1.22.
To get a full description of Todd Jordan's picks, plus his market commentary, click: http://www.allstarpicks2.zacks.com/ .
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