Ryman Hospitality Properties Inc Analysis Ryman Hospitality Properties Inc Reaches Analyst Target Price, Indicating Positive Momentum

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Investors of Ryman Hospitality Properties Inc (Symbol: RHP) have seen a recent surge as the shares crossed above the average analyst 12-month target price of $118.40, closing at $118.98/share. This notable achievement prompts analysts to reconsider their valuation and potentially readjust their target price in response to the company’s upward trajectory.

Within the Zacks coverage universe, 10 different analysts have contributed to the average target for Ryman Hospitality Properties Inc. While the average represents a consensus, it’s noteworthy that individual predictions vary widely. With some analysts setting lower targets, such as $98.00, and others projecting as high as $135.00, it is evident that the standard deviation is $15.064.

Looking at the average RHP price target, investors are essentially tapping into a β€œwisdom of crowds” effort, leveraging the collective contributions of various analysts. The recent price movement crossing the average target signals to investors to re-evaluate the company’s prospects and determine whether the current valuation is merely a stepping stone or potentially unsustainable.

Recent RHP Analyst Ratings Breakdown
Β» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 7 7 7 7
Buy ratings: 1 1 1 1
Hold ratings: 2 2 2 1
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 1
Average rating: 1.5 1.5 1.5 1.7

The average rating presented in the last row of the table ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. This analysis utilized data from Zacks Investment Research via Quandl.com.

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The Top 25 Broker Analyst Picks of the S&P 500 Β»

Also see:

Β• Consumer Stocks Hedge Funds Are Buying
Β• Institutional Holders of STZ
Β• EXPD DMA

The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Nasdaq, Inc.

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