Ashford Hospitality Prime Given Consensus Rating of “Hold” by Analysts (NYSE:AHP)
Shares of Ashford Hospitality Prime (NYSE:AHP) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Analyst Ratings.Net reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.84.
AHP has been the subject of a number of recent research reports. Analysts at JMP Securities initiated coverage on shares of Ashford Hospitality Prime in a research note on Wednesday. They set an “outperform” rating and a $19.00 price target on the stock. Separately, analysts at MLV & Co
cut their price target on shares of Ashford Hospitality Prime from $19.00 to $17.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at R. F. Lafferty cut their price target on shares of Ashford Hospitality Prime from $22.90 to $16.20 in a research note on Monday. They now have a “neutral” rating on the stock.
Ashford Hospitality Prime (NYSE:AHP) traded up 0.52% on Wednesday, hitting $15.47. The stock had a trading volume of 28,860 shares. Ashford Hospitality Prime has a 1-year low of $14.62 and a 1-year high of $23.28. The stock’s 50-day moving average is $15.36 and its 200-day moving average is $17.47. The company’s market cap is $391.8 million.
Ashford Hospitality Prime (NYSE:AHP) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.25. On average, analysts predict that Ashford Hospitality Prime will post $0.31 earnings per share 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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