Nomura Securities Maintains 'Neutral' on Gaylord Entertainment (GET); Preannouncement Contained Several Surprises
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Price: $39.53 --0%
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade GET Now!
Nomura Securities maintains Neutral Gaylord Entertainment (NYSE: GET) price target of $31.00.
Analyst, Harry Curtis, reported on surprises from Q1 preannouncement, including, "1) GET’s efficiency programs (in place since 2009) gained traction, as overall system occupancy reached ~75%. 2) Margins expanded by 410bps despite total RevPAR growth of 4.9%. 3) The company spent $3mn to explore unlocking shareholder value."
"Valuation – Private Equity Could Pay $40 - We think TRT is the most logical partner for GET, given its ownership of the Omni brand. We assume that TRT’s forecasts, like ours, include additional supply growth in GET’s key Nashville, Dallas and D.C. markets."
For an analyst ratings summary and ratings history on Gaylord Entertainment click here. For more ratings news on Gaylord Entertainment click here.
Shares of Gaylord Entertainment closed at $31.48 yesterday, with a 52 week range of $17.39-$35.17.
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Analyst, Harry Curtis, reported on surprises from Q1 preannouncement, including, "1) GET’s efficiency programs (in place since 2009) gained traction, as overall system occupancy reached ~75%. 2) Margins expanded by 410bps despite total RevPAR growth of 4.9%. 3) The company spent $3mn to explore unlocking shareholder value."
"Valuation – Private Equity Could Pay $40 - We think TRT is the most logical partner for GET, given its ownership of the Omni brand. We assume that TRT’s forecasts, like ours, include additional supply growth in GET’s key Nashville, Dallas and D.C. markets."
For an analyst ratings summary and ratings history on Gaylord Entertainment click here. For more ratings news on Gaylord Entertainment click here.
Shares of Gaylord Entertainment closed at $31.48 yesterday, with a 52 week range of $17.39-$35.17.
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