Diamondrock Hospitality Co. [DRH] stock is trading at $9.04, down -0.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DRH shares have gain 7.11% over the last week, with a monthly amount glided 6.60%, 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 August 05, 2024, when Compass Point upgraded its rating to a Buy but kept the price target unchanged to $10 for it. Previously, Wolfe Research started tracking the stock with Outperform rating on January 10, 2024, and set its price target to $11. On December 08, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $9 on the stock. Wells Fargo upgraded its rating to a Overweight and decreased its price target to $9 on March 30, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $10 as its price target on December 05, 2022. Evercore ISI upgraded its rating to Outperform for this stock on October 18, 2022. In a note dated August 29, 2022, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $11 to $10.
Diamondrock Hospitality Co. [DRH] stock has fluctuated between $7.33 and $9.99 over the past year. Currently, Wall Street analysts expect the stock to reach $10.5 within the next 12 months. Diamondrock Hospitality Co. [NYSE: DRH] shares were valued at $9.04 at the most recent close of the market. An investor can expect a potential return of 16.15% based on the average DRH price forecast.
Analyzing the DRH fundamentals
Diamondrock Hospitality Co. [NYSE:DRH] reported sales of 1.11B for the trailing twelve months, which represents a growth of 6.19%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 8.98 points at the first support level, and at 8.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.12, and for the 2nd resistance point, it is at 9.19.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 31.31.
