DiamondRock Hospitality Company Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:DRH)
DiamondRock Hospitality Company (NYSE:DRH) has been given a consensus rating of “Hold” by the sixteen brokerages that are currently covering the company, Analyst Ratings News reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $11.97.
Shares of DiamondRock Hospitality Company (NYSE:DRH) opened at 12.71 on Wednesday. DiamondRock Hospitality Company has a 52 week low of $9.52 and a 52 week high of $13.07. The stock’s 50-day moving average is $12.78 and its 200-day moving average is $12.22. The company has a market cap of $2.487 billion and a price-to-earnings ratio of 45.12.
DiamondRock Hospitality Company (NYSE:DRH) last released its earnings data on Monday, May 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that DiamondRock Hospitality Company will post $0.86 EPS for the current fiscal year.
In other DiamondRock Hospitality Company news, CEO Mark W. Brugger sold 40,000 shares of the stock on the open market in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $13.05, for a total transaction of $522,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on DRH. Analysts at ISI Group initiated coverage on shares of DiamondRock Hospitality Company in a research note on Wednesday. They set a “neutral” rating and a $3.00 price target on the stock. Separately, analysts at Robert W. Baird downgraded shares of DiamondRock Hospitality Company from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $14.00 price target on the stock, up previously from $13.00. Finally, analysts at JMP Securities reiterated a “market outperform” rating on shares of DiamondRock Hospitality Company in a research note on Tuesday, May 13th. They now have a $14.00 price target on the stock, down previously from $15.00.
DiamondRock Hospitality Company, is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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