Ashford Inc Now Under Analyst Coverage With a 'Buy' Rating by StockNews.com

Stock market analysts at StockNews.com have initiated coverage on Ashford Inc (NYSEAMERICAN:AINC), a company specialising in financial services. In a recent report unveiled on Friday, they have given the stock a 'buy' endorsement.

Analyst Coverage Commences

With a fresh perspective on Ashford's market potential, StockNews.com's research team has opted to start monitoring the company's performance, signaling a positive outlook with their 'buy' rating. This could be valuable insight for potential investors looking for new opportunities in the financial sector.

Comparative Analyst Insights

It's worth noting that this rating by StockNews.com arrives after Oppenheimer adjusted their price target on Ashford's shares. They decreased their target from $17.00 to $14.00 while still maintaining an 'outperform' stance as of a report published on November 24th.

Market Activity and Company Performance

On Friday, trading for Ashford shares commenced at $2.31. The company boasts a market capitalization of approximately $7.42 million. Despite a seemingly low price-to-earnings ratio, standing at -0.17, and a beta of 1.66, the company's fifty-day moving average clocks in at $9.58. Ashford's 52-week range has seen lows of $1.91 and highs reaching $13.03.

In their latest quarterly earnings report dated February 29th, Ashford disclosed earnings per share (EPS) of $0.98. Although they achieved a revenue of $206.81 million surpassing the anticipated $187.90 million by analysts, their bottom line tells a story of challenges faced, with a negative net margin of 0.60% and a negative return on equity recorded at 17.27%.

Institutional Investor Interest

Ashford has caught the attention of hedge funds, as evidenced by Vanguard Group Inc., which upped its position in Ashford Inc. by 5.6% during the first quarter. Following the additional acquisition of 4,314 shares, Vanguard's holdings in Ashford are valued at roughly $1,400,000, representing a 2.71% ownership.

About Ashford Inc

Established on April 2, 2014, and based in Dallas, Texas, Ashford Inc is an independent asset management company that serves the real estate and hospitality industries with investment management and related services. The company's independence from Ashford Hospitality Trust, Inc. has been in effect since November 5, 2019.

Ashford, Coverage, Buy