Raymond James raised the price target for the DiamondRock Hospitality Company (NYSE:DRH) stock from “a Mkt perform” to “an Outperform”. The rating was released on January 12, 2021. We previously noted in another research note published on December 15, 2020 by Citigroup that upgraded the stock from a Sell to a Neutral with a price target of $9 for DRH stock. The research report from Wells Fargo has upgraded the stock from Equal Weight to Overweight, with a price target set at $10. The stock was upgraded by Morgan Stanley, who disclosed in a research note on October 27, 2020, from Underweight to Equal-Weight and set the price objective to $5.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of DiamondRock Hospitality Company (NYSE:DRH) raised 3.49% to close Wednesday’s market session at $9.19, higher as compared to yesterday’s close. The stock price fluctuated between $8.99 and $9.50 throughout the trading session with the volume trading being 3473893 shares, which represented a significant variation when compared to the three months average volume of 1.66 million shares. The firm’s stock price fluctuated -2.23% within the last five trades and -9.90% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 1.66% in the last 6 months and -5.74% was subtracted to its value over the previous 3 months. DRH stock is trading at a margin of -3.30%, -6.12% and 4.71% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, DRH deals in the Real Estate domain. The stock is trading -19.98 percent below its 52-week high and 107.45 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 53.27. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does DiamondRock Hospitality Company’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $1.99 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 67.08. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 9.84 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.27, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.20 percent of DiamondRock Hospitality Company shares are owned by insiders, and 96.30 percent are held by financial institutions. Brugger Mark W, the President and CEO at DiamondRock Hospitality Company (DRH) has sold 200,000 shares of firm on Mar 08 at a price of $10.11 against the total amount of $2.02 million. In another inside trade, Quinn Briony R., Sr. Vice President & Treasurer of DiamondRock Hospitality Company (NYSE:DRH) sold 10,000 shares of the firm on Dec 04 for a total worth of $88800.0 at a price of $8.88. An inside trade which took place on Dec 03, EVP & Chief Investment Officer of DiamondRock Hospitality Company Furbay Troy sold 16,359 shares of firm against total price of $0.14 million at the cost of $8.34 per share.