Deutsche Bank Thinks Ashford Hospitality’s Stock is Going to Recover

Deutsche Bank analyst Chris Woronka maintained a Buy rating on Ashford Hospitality (AHTResearch Report) today and set a price target of $2.00. The company’s shares closed last Friday at $0.65, close to its 52-week low of $0.47.

According to TipRanks.com, Woronka has 0 stars on 0-5 stars ranking scale with an average return of -11.3% and a 35.8% success rate. Woronka covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Host Hotels & Resorts, and Hertz Global Holdings.

Currently, the analyst consensus on Ashford Hospitality is a Hold with an average price target of $1.70.

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Based on Ashford Hospitality’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $355 million and GAAP net loss of $28.16 million. In comparison, last year the company earned revenue of $343 million and had a GAAP net loss of $54.8 million.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AHT in relation to earlier this year.

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Ashford Hospitality Trust, Inc. is a real estate investment trust, which invests in the hospitality industry. It invests in lodging-related assets; direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition; sale-leaseback transactions; and other hospitality transactions. The company was founded by Montgomery Jack Bennett in May 2003 and is headquartered in Dallas, TX.