Ryman Hospitality Properties, Inc. (NYSE:RHP – Get Free Report) has earned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $131.2727.
A number of brokerages have issued reports on RHP. JPMorgan Chase & Co. upped their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. BMO Capital Markets reissued an “outperform” rating and set a $137.00 target price on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Cantor Fitzgerald upped their price target on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Barclays raised their price objective on shares of Ryman Hospitality Properties from $130.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd.
Read Our Latest Report on Ryman Hospitality Properties
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Ryman Hospitality Properties Stock Performance
NYSE RHP opened at $129.20 on Monday. The company has a market cap of $8.16 billion, a P/E ratio of 31.59, a PEG ratio of 1.98 and a beta of 1.20. The company has a fifty day simple moving average of $128.06 and a 200 day simple moving average of $112.45. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a 12-month low of $83.82 and a 12-month high of $137.46.
Ryman Hospitality Properties (NYSE:RHP – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm had revenue of $748.98 million during the quarter, compared to the consensus estimate of $734.59 million. During the same period in the prior year, the business posted $2.35 earnings per share. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Sell-side analysts predict that Ryman Hospitality Properties will post 9.21 earnings per share for the current fiscal year.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.
Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.
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