Zacks: Wyeth (BHR) Receives Consensus Recommendation of “Buy” from Brokerages

Wyeth (NYSE:BHR) has earned an average broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company.

Analysts have set a twelve-month consensus target price of $13.75 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Wyeth an industry rank of 160 out of 257 based on the ratings given to its competitors.

A number of analysts have recently commented on the stock. ValuEngine lowered shares of Wyeth from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. B. Riley set a $14.00 price target on shares of Wyeth and gave the stock a “buy” rating in a research note on Thursday, October 4th. Deutsche Bank set a $15.00 price target on shares of Wyeth and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research lowered shares of Wyeth from a “hold” rating to a “sell” rating in a research note on Monday, October 8th.

Shares of BHR stock traded up $0.35 during trading hours on Thursday, reaching $10.11. The company had a trading volume of 5,517 shares, compared to its average volume of 156,150. Wyeth has a one year low of $8.44 and a one year high of $12.10. The firm has a market capitalization of $319.59 million, a PE ratio of 6.23 and a beta of 0.85. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 2.69.

Wyeth (NYSE:BHR) last announced its quarterly earnings results on Wednesday, October 31st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. Wyeth had a net margin of 9.08% and a return on equity of 10.28%. The firm had revenue of $108.85 million during the quarter, compared to analyst estimates of $110.46 million. Analysts anticipate that Wyeth will post 1.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.33%. Wyeth’s dividend payout ratio is presently 39.51%.

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA bought a new stake in Wyeth during the second quarter valued at approximately $105,000. State of Alaska Department of Revenue bought a new stake in Wyeth during the third quarter valued at approximately $109,000. Dynamic Technology Lab Private Ltd bought a new stake in Wyeth during the second quarter valued at approximately $120,000. Schroder Investment Management Group bought a new stake in Wyeth during the second quarter valued at approximately $128,000. Finally, Macquarie Group Ltd. bought a new stake in Wyeth during the second quarter valued at approximately $151,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.

About Wyeth

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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