Ashford Inc (AINC) Receives Consensus Recommendation of “Hold” from Brokerages
Ashford Inc (NYSEAMERICAN:AINC) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $71.00.
Several research firms have commented on AINC. Zacks Investment Research raised shares of Ashford from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a research note on Tuesday, January 2nd. B. Riley cut shares of Ashford from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $67.00 to $81.00 in a research note on Tuesday, November 7th. Finally, TheStreet raised shares of Ashford from a “d” rating to a “c-” rating in a research note on Wednesday, October 11th.
Ashford (AINC) opened at $94.00 on Friday. Ashford has a 12-month low of $46.65 and a 12-month high of $111.00. The stock has a market capitalization of $196.72, a P/E ratio of -18.58 and a beta of -0.14.
Ashford announced that its board has approved a stock buyback program on Monday, December 11th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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Ashford Company Profile
Ashford Inc provides asset management and advisory services to other entities, primarily within the hospitality industry. The Company operates in the segment of asset and investment management, which includes managing the day-to-day operations of Ashford Hospitality Prime, Inc (Ashford Prime) and its subsidiaries.
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