Analysts Set $12.25 Price Target for Red Lion Hotels Corp. (RLH)
Red Lion Hotels Corp. (NYSE:RLH) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price target of $12.25 for the company and are expecting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Red Lion Hotels Corp. an industry rank of 83 out of 265 based on the ratings given to related companies.
RLH has been the subject of several recent research reports. B. Riley restated a “buy” rating and issued a $11.00 price objective on shares of Red Lion Hotels Corp. in a report on Monday, July 11th. Zacks Investment Research upgraded shares of Red Lion Hotels Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a report on Friday, October 7th.
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A number of institutional investors have recently made changes to their positions in RLH. BlackRock Fund Advisors increased its position in shares of Red Lion Hotels Corp. by 857.6% in the second quarter. BlackRock Fund Advisors now owns 371,993 shares of the company’s stock worth $2,701,000 after buying an additional 333,148 shares in the last quarter. State Street Corp acquired a new stake in shares of Red Lion Hotels Corp. during the second quarter worth $864,000. Adirondack Research & Management Inc. acquired a new stake in shares of Red Lion Hotels Corp. during the first quarter worth $721,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Red Lion Hotels Corp. by 14.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 604,572 shares of the company’s stock worth $4,389,000 after buying an additional 74,081 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Red Lion Hotels Corp. during the second quarter worth $533,000. Institutional investors and hedge funds own 62.40% of the company’s stock.
Shares of Red Lion Hotels Corp. (NYSE:RLH) remained flat at $8.25 during trading on Tuesday. The company had a trading volume of 12,200 shares. The company’s market capitalization is $166.89 million. Red Lion Hotels Corp. has a one year low of $5.45 and a one year high of $8.80. The stock’s 50-day moving average is $7.70 and its 200 day moving average is $7.61.
About Red Lion Hotels Corp.
Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company. The Company is engaged in the franchising, management and ownership of hotels under the brands, including Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites (collectively the RLHC Brands). The RLHC brands represent upscale, midscale and economy hotels.
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