DiamondRock Hospitality Company’s “Equal Weight” Rating Reiterated at Barclays (DRH)
DiamondRock Hospitality Company (NYSE:DRH)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research report issued on Monday. They currently have a $14.00 price target on the stock, up from their previous price target of $13.00. Barclays’ price target suggests a potential upside of 9.72% from the stock’s previous close.
Shares of DiamondRock Hospitality Company (NYSE:DRH) traded up 1.76% during mid-day trading on Monday, hitting $12.985. The stock had a trading volume of 345,181 shares. DiamondRock Hospitality Company has a one year low of $9.52 and a one year high of $13.07. The stock’s 50-day moving average is $12.75 and its 200-day moving average is $12.3. The company has a market cap of $2.541 billion and a P/E ratio of 26.58.
DiamondRock Hospitality Company (NYSE:DRH) last announced its earnings results on Friday, August 8th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $229.93 million for the quarter, compared to the consensus estimate of $231.99 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that DiamondRock Hospitality Company will post $0.87 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at ISI Group initiated coverage on shares of DiamondRock Hospitality Company in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $3.00 price target on the stock. 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, July 23rd. They now have a $14.00 price target on the stock, up previously from $13.00. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.23.
DiamondRock Hospitality Company, is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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