Braemar Hotels & Resorts Inc. (BHR) shares are trading at higher $3.65 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $10.39 and the low is $1.14. Over the last 52 weeks, BHR is down -60.37% while the S&P 500 is up 14.77%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BHR reported a profit of $-39.85 million. Braemar Hotels & Resorts Inc. also saw revenues decrease to $12.89 million. In addition, BHR has free cash flow of -$35.58 million as of 06-2020. The company’s EBITDA came in at -$20.15 million which compares well with its peers.
BHR booked profit margins of -16.50%, its Return on Equity (ROE) is -17.50%, and its Return on Assets is -3.50%. All told, it is clear that, BHR needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BHR has a short ratio of 1.78 and outstanding shares of 32.91M.
BHR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.2 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.87. Investors should also keep an eye on sector updates as BHR has historically followed its peers on positive news.
All told, Braemar Hotels & Resorts Inc. BHR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BHR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Braemar Hotels & Resorts Inc. BHR is now commanding a market cap of 136.84M and a float of 29.14M. BHR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BHR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BHR, either long or short, and we have not been compensated for this article.