B.Riley FBR analyst Bryan Maher reiterated a Buy rating on Ashford Inc (AINC) today and set a price target of $91. The company’s shares closed yesterday at $61.17.
Maher observed:
“Ashford Inc. (AINC) reported 4Q18 results after the close on 2/28 that far exceeded ours and the consensus estimates as higher-than-expected revenue from the company’s J&S Audio Visual segment ($20.0M vs. our estimate of $16.5M), along with $1.1M in incentive fees, was coupled with expenses that were in line with expectations. Adjusted EBITDA came in at $8.0M, up 65% Y/Y , above our estimate of $5.6M and the consensus estimate of $5.7M. Adjusted EPS came in at $2.20 per share, well above our estimate of $1.15 and the consensus estimate of $1.17. In short, Ashford Inc. delivered very strong outperformance in the quarter. Subsequent to quarter end, Ashford Inc.”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.1% and a 52.0% success rate. Maher covers the Financial sector, focusing on stocks such as Office Properties Income Trust, Braemar Hotels & Resorts Inc, and Community Healthcare Trust.
Currently, the analyst consensus on Ashford Inc is a Moderate Buy with an average price target of $89.
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The company has a one-year high of $98 and a one-year low of $46.30. Currently, Ashford Inc has an average volume of 6,338.
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Ashford, Inc. engages in the provision of global asset management, investment management and related services to the real estate and hospitality sectors. The company was founded on April 2, 2014 and is headquartered in Dallas, TX.
