Ashford Hospitality Prime (AHP) Catches Eye: Stock Up 6.7%
Ashford Hospitality Prime, Inc. (AHP) was a big mover last session with its shares rising roughly 7% on the day. The upside came as Canaccord Genuity upgraded the stock from “Hold” to “Buy” based on the company's sale prospects. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $11.55 to $14.63 in the past one-month time frame.
In the last 30 days, the company witnessed three positive estimate revisions and the Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for Ashford Hospitality Prime. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Ashford Hospitality Prime currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
A better-ranked stock in the same industry is CoreSite Realty Corporation (COR), which carries the same Zacks Rank as Ashford Hospitality Prime.
Is AHP going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ASHFORD HOSP PR (AHP): Free Stock Analysis Report
CORESITE REALTY (COR): Free Stock Analysis Report
To read this article on Zacks.com click here.
