Analysts who follow DiamondRock Hospitality Company (DRH) on average expect it to grow by 29.87% over the next twelve months. These same analysts give the stock an average buy rating. This average rating earns HRD an analyst rating of 14, meaning it ranks above 14 of stocks, based on data compiled by InvestorsObserver.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.
What’s going on with DiamondRock Hospitality Company stock today?
Shares of DiamondRock Hospitality Company (DRH) are trading at $8.36 at 2:00 p.m. Friday, June 24, up $0.46, or 5.89% from the previous closing price of 7.90 $. The stock has traded between $7.93 and $8.51 so far today. Today, the volume is below average. So far, 1,300,223 shares have been traded against an average volume of 2,134,431 shares. Click here for the full DiamondRock Hospitality Company stock report.
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