Ned Davis Research Upgrades DiamondRock Hospitality to “Neutral” (DRH)
DiamondRock Hospitality (NYSE:DRH) was upgraded by stock analysts at Ned Davis Research from a “sell” rating to a “neutral” rating in a report issued on Monday, StockRatingsNetwork reports.
DRH has been the subject of a number of other recent research reports. Analysts at ISI Group upgraded shares of DiamondRock Hospitality from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Separately, analysts at KeyCorp upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 19th. Finally, analysts at TheStreet downgraded shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.60.
Shares of DiamondRock Hospitality (NYSE:DRH) traded down 0.26% during mid-day trading on Monday, hitting $11.57. The stock had a trading volume of 375,777 shares. DiamondRock Hospitality has a 1-year low of $8.50 and a 1-year high of $11.83. The stock’s 50-day moving average is $11.37 and its 200-day moving average is $10.66. The company has a market cap of $2.262 billion and a P/E ratio of 63.04.
DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Friday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $218.74 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts expect that DiamondRock Hospitality will post $0.73 EPS for the current fiscal year.
DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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