Ashford Inc (AINC) Given New $67.00 Price Target at FBR & Co
Ashford Inc (NYSEMKT:AINC) had its price objective increased by research analysts at FBR & Co from $63.00 to $67.00 in a research note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the financial services provider’s stock. FBR & Co’s price objective points to a potential upside of 34.00% from the stock’s previous close.
A number of other brokerages have also weighed in on AINC. ValuEngine lowered shares of Ashford from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Canaccord Genuity reissued a “hold” rating and issued a $65.00 price target (up previously from $59.00) on shares of Ashford in a report on Wednesday, April 19th.
Shares of Ashford (NYSEMKT AINC) traded up 3.52% during trading on Tuesday, reaching $51.76. The company had a trading volume of 115 shares. The firm has a 50-day moving average of $49.61 and a 200-day moving average of $53.27. The company’s market cap is $104.40 million. Ashford has a 12-month low of $38.10 and a 12-month high of $62.66.
An institutional investor recently bought a new position in Ashford stock. Clear Harbor Asset Management LLC purchased a new position in Ashford Inc (NYSEMKT:AINC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,212 shares of the financial services provider’s stock, valued at approximately $452,000. Clear Harbor Asset Management LLC owned 0.46% of Ashford at the end of the most recent reporting period.
Ashford Company Profile
Ashford Inc provides asset management and advisory services to other entities, primarily within the hospitality industry. The Company operates in the segment of asset and investment management, which includes managing the day-to-day operations of Ashford Hospitality Prime, Inc (Ashford Prime) and its subsidiaries.
Receive News & Ratings for Ashford Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Inc and related companies with MarketBeat.com's FREE daily email newsletter.