Diamondrock Hospitality Co. [DRH] stock is trading at $9.54, up 1.49%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DRH shares have gain 2.25% over the last week, with a monthly amount glided 4.38%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, DIAMONDROCK HOSPITALITY COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS. In a post published today on Yahoo Finance, Comparable Full Year Total Revenues 4.0% Above 2022 and 11.3% Above 2019 .
From an analyst’s perspective:
Diamondrock Hospitality Co. [NYSE: DRH] stock has seen the most recent analyst activity on January 10, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $11. Previously, Wells Fargo downgraded its rating to Equal Weight on December 08, 2023, and dropped its price target to $9. On March 30, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $9 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $10 on December 05, 2022. Evercore ISI upgraded its rating to a Outperform. Wells Fargo downgraded its rating to Equal Weight for this stock on August 29, 2022, and downed its price target to $10.
Diamondrock Hospitality Co. [DRH] stock has fluctuated between $7.14 and $9.99 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Diamondrock Hospitality Co. [NYSE: DRH] shares were valued at $9.54 at the most recent close of the market. An investor can expect a potential return of 15.3% based on the average DRH price forecast.
Analyzing the DRH fundamentals
Diamondrock Hospitality Co. [NYSE:DRH] reported sales of 1.07B for the trailing twelve months, which represents a growth of 3.33%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is -0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.41 points at the first support level, and at 9.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.62, and for the 2nd resistance point, it is at 9.69.
Diamondrock Hospitality Co. [DRH] reported earnings per share of $0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.12 per share as compared to estimates of $0.1 per share, a difference of $0.02 representing a surprise of 20.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 26.46.
