DiamondRock Hospitality Company (NYSE: DRH) is -13.84% lower on its value in year-to-date trading and has touched a low of $7.68 and a high of $11.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DRH stock was last observed hovering at around $8.85 in the last trading session, with the day’s loss setting it -0.57% off its average median price target of $10.38 for the next 12 months. It is also 31.0% off the consensus price target high of $12.00 offered by 12 analysts, but current levels are 8.0% higher than the price target low of $9.00 for the same period.
Currently trading at $8.28, the stock is -7.72% and -8.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing -6.44% at the moment leaves the stock -12.39% off its SMA200. DRH registered -8.51% loss for a year compared to 6-month loss of -15.94%.
The stock witnessed a -10.78% gain in the last 1 month and extending the period to 3 months gives it a 2.60%, and is -9.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.13% over the week and 3.43% over the month.
DiamondRock Hospitality Company (DRH) has around 28 employees, a market worth around $1.77B and $847.60M in sales. Current P/E ratio is 36.80 and Fwd P/E is 13.25. Profit margin for the company is 5.70%. Distance from 52-week low is 7.88% and -25.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.20%).
DiamondRock Hospitality Company (DRH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for DiamondRock Hospitality Company (DRH) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.60, where 8 rate it as a Hold and 2 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
DiamondRock Hospitality Company is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 51.10% this year
DiamondRock Hospitality Company (DRH) Top Institutional Holders
The shares outstanding are 212.83M, and float is at 207.86M with Short Float at 3.27%.
DiamondRock Hospitality Company (DRH) Insider Activity
A total of 7 insider transactions have happened at DiamondRock Hospitality Company (DRH) in the last six months, with sales accounting for 0 and purchases happening 7 times. The most recent transaction is an insider sale by Tennis William J, the company’s EVP & General Counsel. SEC filings show that Tennis William J sold 30,000 shares of the company’s common stock on Nov 08 at a price of $10.90 per share for a total of $0.33 million. Following the sale, the insider now owns 0.37 million shares.
DiamondRock Hospitality Company (DRH): Who are the competitors?
The company’s main competitors (and peers) include Host Hotels & Resorts Inc. (HST) that is trading 3.64% up over the past 12 months and Pebblebrook Hotel Trust (PEB) that is -26.73% lower over the same period. RLJ Lodging Trust (RLJ) is -20.68% down on the 1-year trading charts.