At the time of writing, Diamondrock Hospitality Co [DRH] stock is trading at $8.99, up 0.33%. 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 2.28% over the last week, with a monthly amount drifted -4.76%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Diamondrock Hospitality Co [NYSE: DRH] stock has seen the most recent analyst activity on November 22, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $10.25 from $10.75. Previously, Evercore ISI downgraded its rating to In-line on November 15, 2024, and kept the price target unchanged to $10.50. On August 05, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $10 on the stock. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $11 on January 10, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $9 on December 08, 2023. Wells Fargo upgraded its rating to Overweight for this stock on March 30, 2023, and downed its price target to $9. In a note dated December 05, 2022, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $10 on this stock.
For the past year, the stock price of Diamondrock Hospitality Co fluctuated between $7.57 and $9.78. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Diamondrock Hospitality Co [NYSE: DRH] shares were valued at $8.99 at the most recent close of the market. An investor can expect a potential return of 11.23% based on the average DRH price forecast.
Analyzing the DRH fundamentals
According to Diamondrock Hospitality Co [NYSE:DRH], the company’s sales were 1.11B for trailing twelve months, which represents an 3.11% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
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 8.94 points at the first support level, and at 8.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.05, and for the 2nd resistance point, it is at 9.12.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.68, the price to book ratio is 1.13 and price to earnings (TTM) ratio is 31.46.
