Ashford (NYSEAMERICAN:AINC) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Ashford (NYSEAMERICAN:AINC) in a report issued on Friday. The firm set a “buy” rating on the financial services provider’s stock.

Separately, Oppenheimer dropped their target price on Ashford from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, August 10th.

Ashford Trading Down 0.7 %

NYSEAMERICAN AINC opened at $5.45 on Friday. The business’s 50-day moving average price is $9.58 and its two-hundred day moving average price is $10.99. Ashford has a 12 month low of $5.06 and a 12 month high of $17.54. The firm has a market capitalization of $17.49 million, a PE ratio of -0.43 and a beta of 1.94.

Ashford (NYSEAMERICAN:AINC) last announced its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.60). The business had revenue of $181.22 million during the quarter, compared to analyst estimates of $186.70 million. Ashford had a negative net margin of 0.26% and a negative return on equity of 19.41%. As a group, analysts forecast that Ashford will post 6.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ashford

An institutional investor recently raised its position in Ashford stock. Vanguard Group Inc. lifted its stake in Ashford Inc. (NYSEAMERICAN:AINC) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,717 shares of the financial services provider’s stock after buying an additional 4,314 shares during the period. Vanguard Group Inc. owned approximately 2.71% of Ashford worth $1,400,000 as of its most recent SEC filing. Institutional investors own 12.95% of the company’s stock.

Ashford Company Profile

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. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.