Ashford Hospitality Prime Price Target Cut to $16.20 (AHP)
Equities researchers at R. F. Lafferty lowered their price target on shares of Ashford Hospitality Prime (NYSE:AHP) from $22.90 to $16.20 in a research report issued on Monday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. R. F. Lafferty’s target price suggests a potential upside of 3.85% from the stock’s previous close.
A number of other analysts have also recently weighed in on AHP. Analysts at Deutsche Bank initiated coverage on shares of Ashford Hospitality Prime in a research note on Monday, April 21st. They set a “hold” rating and a $18.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Ashford Hospitality Prime in a research note on Thursday, March 13th. They set an “equal weight” rating on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of Ashford Hospitality Prime in a research note on Wednesday, February 19th. They set a “neutral” rating and a $19.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Ashford Hospitality Prime currently has an average rating of “Hold” and a consensus target price of $19.05.
Shares of Ashford Hospitality Prime (NYSE:AHP) traded up 0.84% during mid-day trading on Monday, hitting $15.60. The stock had a trading volume of 220,620 shares. Ashford Hospitality Prime has a 52-week low of $14.62 and a 52-week high of $23.28. The stock’s 50-day moving average is $15.36 and its 200-day moving average is $17.48. The company’s market cap is $395.1 million.
Ashford Hospitality Prime (NYSE:AHP) last released its earnings data on Friday, May 9th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.25. Analysts expect that Ashford Hospitality Prime will post $0.34 EPS for the current fiscal year.
Ashford Hospitality Prime, Inc (NYSE:AHP) invests primarily in revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels.
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