Ashford Hospitality Prime Now Covered by Robert W. Baird (AHP)
Investment analysts at Robert W. Baird began coverage on shares of Ashford Hospitality Prime (NYSE:AHP) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $19.00 price target on the stock. Robert W. Baird’s target price points to a potential upside of 13.84% from the stock’s previous close.
Shares of Ashford Hospitality Prime (NYSE:AHP) traded down 2.16% during mid-day trading on Wednesday, hitting $16.73. 437,879 shares of the company’s stock traded hands. Ashford Hospitality Prime has a 1-year low of $15.70 and a 1-year high of $23.28. The stock has a 50-day moving average of $17.23 and a 200-day moving average of $18.89. The company’s market cap is $403.7 million.
A number of other firms have also recently commented on AHP. Analysts at SunTrust initiated coverage on shares of Ashford Hospitality Prime in a research note on Tuesday, February 11th. They set a “buy” rating on the stock. Separately, analysts at Craig Hallum initiated coverage on shares of Ashford Hospitality Prime in a research note on Wednesday, January 29th. They set a “buy” rating on the stock. Finally, analysts at R. F. Lafferty upgraded shares of Ashford Hospitality Prime from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.00.
Ashford Hospitality Prime, Inc (NYSE:AHP) invests primarily in revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels.
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