Ashford (NYSEAMERICAN:AINC) has been assigned a $95.00 target price by equities research analysts at B. Riley in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the financial services provider’s stock.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Ashford from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. TheStreet cut Ashford from a “c-” rating to a “d” rating in a report on Tuesday, March 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Ashford currently has an average rating of “Hold” and an average price target of $83.50.
AINC stock traded down $1.48 during midday trading on Friday, hitting $95.00. 1,922 shares of the stock were exchanged, compared to its average volume of 3,312. Ashford has a fifty-two week low of $47.03 and a fifty-two week high of $111.00.
Ashford (NYSEAMERICAN:AINC) last issued its quarterly earnings data on Thursday, March 1st. The financial services provider reported ($3.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($3.68). The firm had revenue of $29.67 million for the quarter, compared to analyst estimates of $27.54 million. Ashford had a negative return on equity of 23.28% and a negative net margin of 11.73%.
Ashford declared that its board has authorized a stock repurchase program on Monday, December 11th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in Ashford during the fourth quarter worth $212,000. Globeflex Capital L P purchased a new position in Ashford during the fourth quarter worth $262,000. California Public Employees Retirement System purchased a new position in Ashford during the fourth quarter worth $281,000. Bank of New York Mellon Corp purchased a new position in Ashford during the fourth quarter worth $292,000. Finally, Snow Park Capital Partners LP purchased a new position in Ashford during the fourth quarter worth $1,226,000.
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Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas.
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