DiamondRock Hospitality Company Receives Consensus Rating of “Hold” from Analysts (NYSE:DRH)
DiamondRock Hospitality Company (NYSE:DRH) has been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the stock, Analyst Ratings Network reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.28.
A number of analysts have recently weighed in on DRH shares. Analysts at MLV & Co
raised their price target on shares of DiamondRock Hospitality Company to $14.00 in a research note on Tuesday. Separately, analysts at Bank of America downgraded shares of DiamondRock Hospitality Company from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 12th. They now have a $13.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of DiamondRock Hospitality Company from $12.00 to $13.00 in a research note on Wednesday, March 5th.
Shares of DiamondRock Hospitality Company (NYSE:DRH) traded down 0.65% on Tuesday, hitting $12.25. The stock had a trading volume of 348,384 shares. DiamondRock Hospitality Company has a 52 week low of $8.67 and a 52 week high of $12.76. The stock has a 50-day moving average of $12.05 and a 200-day moving average of $11.79. The company has a market cap of $2.395 billion and a P/E ratio of 49.52.
DiamondRock Hospitality Company (NYSE:DRH) last announced its earnings results on Monday, May 12th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.01. The company had revenue of $190.08 million for the quarter, compared to the consensus estimate of $189.25 million. During the same quarter last year, the company posted $0.14 earnings per share. DiamondRock Hospitality Company’s revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that DiamondRock Hospitality Company will post $0.88 earnings per share 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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