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 opened today at $59.30, close to its 52-week low of $53.
Maher wrote:
“Ashford Inc.’s (AINC – 3Q18 results exceeded expectations as adjusted EBITDA came in at $4.1M, above our $3.9M estimate. Adjusted EPS came in at $0.75, beating our $0.65 estimate. The 3Q18 beat was primarily driven by the higher-than-expected advisory fee revenue and non-cash stock-/unit-based compensation (a revenue item from the two externally managed REITs). J&S A/V revenue of $14.5M was in line with our $14.3M estimate and is becoming an increasingly important part of the Ashford, Inc. story.”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.4% and a 50.8% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and Senior Housing Properties Trust.
Ashford Inc has an analyst consensus of Moderate Buy, with a price target consensus of $91.
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The company has a one-year high of $111 and a one-year low of $53. Currently, Ashford Inc has an average volume of 15.14K.
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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.
