A share price of Diamondrock Hospitality Co. [DRH] is currently trading at $8.53, up 1.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DRH shares have lost -1.61% over the last week, with a monthly amount glided 2.28%, and seem to be holding up well over a long-time horizon.
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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. experienced fluctuations in its stock price throughout the past year between $7.33 and $9.99. Currently, Wall Street analysts expect the stock to reach $10.94 within the next 12 months. Diamondrock Hospitality Co. [NYSE: DRH] shares were valued at $8.53 at the most recent close of the market. An investor can expect a potential return of 28.25% based on the average DRH price forecast.
Analyzing the DRH fundamentals
Trailing Twelve Months sales for Diamondrock Hospitality Co. [NYSE:DRH] were 1.09B which represents 5.28% growth. Gross Profit Margin for this corporation currently stands at 0.46% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
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 8.37 points at the first support level, and at 8.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.64, and for the 2nd resistance point, it is at 8.75.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 23.92.
