Ashford Inc (NYSEMKT:AINC) Price Target Raised to $67.00

Ashford Inc (NYSEMKT:AINC) had its price target hoisted by equities research analysts at FBR & Co from $63.00 to $67.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. FBR & Co’s price target indicates a potential upside of 20.87% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 target price (up from $59.00) on shares of Ashford in a report on Wednesday, April 19th. ValuEngine downgraded Ashford from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Ashford (AINC) opened at 55.43 on Tuesday. The firm has a 50-day moving average price of $49.65 and a 200 day moving average price of $53.20. The firm’s market cap is $111.80 million. Ashford has a 1-year low of $38.10 and a 1-year high of $62.66.

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An institutional investor recently bought a new position in Ashford stock. Clear Harbor Asset Management LLC acquired a new position in shares of Ashford Inc (NYSEMKT:AINC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,212 shares of the financial services provider’s stock, valued at approximately $452,000. Clear Harbor Asset Management LLC owned 0.46% of Ashford at the end of the most recent reporting period.

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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