Simply Wall St has increased its fair value estimate for Ryman Hospitality Properties to $134.15 per share from $129.54, driven by adjustments in revenue growth, net profit margin, future P/E multiple, and discount rate assumptions. The revenue growth assumption was lowered from 5.32% to 4.33%, while the net profit margin assumption rose from 11.73% to 12.07%. The future P/E multiple increased from 28.37x to 29.93x, and the discount rate moved from 8.57% to 8.76%. Several Wall Street firms, including Wells Fargo, JPMorgan, Barclays, BMO Capital, Raymond James, Truist, and Cantor Fitzgerald, have raised price targets on the lodging REIT, with Wells Fargo setting a target of $136. However, Barclays cautioned that the sector's recent share performance may have moved too far, too fast relative to earnings, and Cantor Fitzgerald flagged macro and geopolitical risks that could limit valuation multiples.
Ryman Hospitality Properties IncFair value estimate raised to $134.15 and multiple analyst price target hikes, including Wells Fargo's $136 target.
