B.Riley FBR analyst Eric Wold maintained a Buy rating on Red Lion Hotels (NYSE: RLH) today and set a price target of $14.50. The company’s shares closed yesterday at $12.10, close to its 52-week high of $12.70.
Wold commented:
“We are removing Corporation (RLH) from our Alpha Generator list but have not changed our opinion on RLH: We remain buyers, based on our favorable fundamental view of the stock and the company. We had originally added RLH to the Alpha Generator list on 11/14/17 in anticipation that the, then, 45% discount to the franchisor hotel peer group average EV/EBITDA multiple would narrow considerably as RLH successfully moved through its asset- light transition strategy; and we later chose to keep RLH on the Alpha Generator list when HNA Group announced its intention to sell its 3.7M shareholdings in anticipation that the removal of that stock overhang would also benefit RLH’s valuation.”
According to TipRanks.com, Wold is a 5-star analyst with an average return of 8.9% and a 58.7% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Red Lion Hotels has an analyst consensus of Moderate Buy, with a price target consensus of $14.50.
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The company has a one-year high of $12.70 and a one-year low of $6.15. Currently, Red Lion Hotels has an average volume of 91.93K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.
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Red Lion Hotels Corp. is a hospitality and leisure company, which engages in franchising, management, and ownership of hotel properties. It operates through the Company Operated Hotel and Franchised Hotels segments. The Company Operated Hotel segment comprises guest room rentals; and food and beverage offerings at owned and leased hotels.
