Ashford, Inc. (AINC) Receives Average Rating of “Hold” from Brokerages
Shares of Ashford, Inc. (NYSEAMERICAN:AINC) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $71.00.
AINC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Ashford from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Monday, September 25th. TheStreet upgraded shares of Ashford from a “d” rating to a “c-” rating in a research report on Wednesday, October 11th. B. Riley downgraded shares of Ashford from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $67.00 to $81.00 in a research report on Tuesday, November 7th. Finally, FBR & Co lifted their price objective on shares of Ashford from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th.
Shares of Ashford (NYSEAMERICAN:AINC) opened at $90.59 on Friday. Ashford has a 52-week low of $42.00 and a 52-week high of $111.00.
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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.
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