FBR & Co Boosts Ashford Inc (AINC) Price Target to $67.00

Ashford Inc (NYSEMKT:AINC) had its target price lifted by FBR & Co from $63.00 to $67.00 in a research report released on Tuesday morning, MarketBeat.com reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on AINC. ValuEngine lowered Ashford from a buy rating to a hold rating in a research report on Friday, June 2nd. Canaccord Genuity reaffirmed a hold rating and set a $65.00 target price (up from $59.00) on shares of Ashford in a research report on Wednesday, April 19th.

Shares of Ashford (NYSEMKT:AINC) opened at 56.90 on Tuesday. The company’s market cap is $114.99 million. Ashford has a 12 month low of $38.10 and a 12 month high of $62.66. The firm has a 50-day moving average price of $50.07 and a 200 day moving average price of $53.41.

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A hedge fund recently bought a new stake in Ashford stock. Clear Harbor Asset Management LLC purchased 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 (SEC). The fund purchased 9,212 shares of the financial services provider’s stock, valued at approximately $452,000. Clear Harbor Asset Management LLC owned about 0.46% of Ashford at the end of the most recent quarter.

About Ashford

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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