Diamondrock Hospitality Co. [NYSE: DRH] closed the trading session at $9.31.
The stocks have a year to date performance of -0.85 percent and weekly performance of -2.00 percent. The stock has been moved at 15.22 percent over the last six months. The stock has performed -0.75 percent around the most recent 30 days and changed -0.64 percent over the most recent 3-months.
If compared to the average trading volume of 1.59M shares, DRH reached to a volume of 5733994 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Diamondrock Hospitality Co. [DRH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DRH shares is $10.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DRH stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Diamondrock Hospitality Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 10, 2024. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $9.50 to $9. The new note on the price target was released on December 08, 2023, representing the official price target for Diamondrock Hospitality Co. stock. Previously, the target price had yet another drop from $10.50 to $9, while Wells Fargo kept a Overweight rating on DRH stock.
The Average True Range (ATR) for Diamondrock Hospitality Co. is set at 0.22, with the Price to Sales ratio for DRH stock in the period of the last 12 months amounting to 1.82. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 0.80. Price to Free Cash Flow for DRH in the course of the last twelve months was 12.90.
DRH stock trade performance evaluation
Diamondrock Hospitality Co. [DRH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.00. With this latest performance, DRH shares dropped by -0.75% in over the last four-week period, additionally plugging by 15.22% over the last 6 months – not to mention a rise of 14.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DRH stock in for the last two-week period is set at 45.41, with the RSI for the last a single of trading hit 42.88, and the three-weeks RSI is set at 47.37 for Diamondrock Hospitality Co. [DRH]. The present Moving Average for the last 50 days of trading for this stock 9.39, while it was recorded at 9.40 for the last single week of trading, and 8.63 for the last 200 days.
Earnings per share (EPS) analysis for Diamondrock Hospitality Co. [DRH] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DRH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Diamondrock Hospitality Co. go to -9.50%.
Diamondrock Hospitality Co. [DRH]: Institutional Ownership
The top three institutional holders of DRH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DRH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DRH stock with ownership which is approximately 5.8386%.
