DiamondRock Hospitality Company’s Neutral Rating Reiterated at Citigroup Inc. (DRH)
DiamondRock Hospitality Company (NYSE:DRH)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Wednesday. They currently have a $13.25 price target on the stock, up from their previous price target of $13.00. Citigroup Inc.’s target price suggests a potential upside of 0.45% from the stock’s previous close.
DRH has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of DiamondRock Hospitality Company in a research note on Monday. They now have a $14.00 price target on the stock, up previously from $13.00. Separately, 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. Finally, 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, six have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.31.
Shares of DiamondRock Hospitality Company (NYSE:DRH) traded up 0.99% on Wednesday, hitting $13.32. 1,020,014 shares of the company’s stock traded hands. DiamondRock Hospitality Company has a 52-week low of $9.52 and a 52-week high of $13.31. The stock’s 50-day moving average is $12.76 and its 200-day moving average is $12.34. The company has a market cap of $2.607 billion and a price-to-earnings ratio of 27.48.
DiamondRock Hospitality Company (NYSE:DRH) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.22 earnings per share. DiamondRock Hospitality Company’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that DiamondRock Hospitality Company will post $0.87 EPS 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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