Analysts Set Extended Stay America Inc (STAY) Price Target at $20.81

Shares of Extended Stay America Inc (NYSE:STAY) have earned an average rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.94.

A number of research firms recently commented on STAY. Stifel Nicolaus lowered their price target on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research raised shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $21.00 price target on shares of Extended Stay America in a report on Thursday, October 12th. Bank of America lowered their price target on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Deutsche Bank lowered their price target on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in STAY. Burgundy Asset Management Ltd. lifted its holdings in shares of Extended Stay America by 103.7% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,519,786 shares of the company’s stock worth $50,396,000 after acquiring an additional 1,283,070 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Extended Stay America by 13.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,455 shares of the company’s stock worth $1,809,000 after acquiring an additional 10,940 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Extended Stay America by 29.2% during the 3rd quarter. California Public Employees Retirement System now owns 241,160 shares of the company’s stock worth $4,823,000 after acquiring an additional 54,560 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Extended Stay America during the 3rd quarter worth $175,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Extended Stay America during the 3rd quarter worth $2,024,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Shares of Extended Stay America (NYSE:STAY) traded up $0.41 during midday trading on Monday, reaching $20.06. 2,716,000 shares of the company traded hands, compared to its average volume of 1,660,857. Extended Stay America has a twelve month low of $15.43 and a twelve month high of $20.95. The company has a market cap of $3,810.00, a PE ratio of 51.44, a price-to-earnings-growth ratio of 3.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11.

Extended Stay America (NYSE:STAY) last posted its earnings results on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The firm had revenue of $350.86 million for the quarter, compared to the consensus estimate of $359.70 million. During the same period in the prior year, the business earned $0.36 EPS. Extended Stay America’s quarterly revenue was down 1.0% compared to the same quarter last year. equities analysts predict that Extended Stay America will post 0.97 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Analysts Set Extended Stay America Inc (STAY) Price Target at $20.81” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/03/analysts-set-extended-stay-america-inc-stay-price-target-at-20-81.html.

About Extended Stay America

Extended Stay America, Inc is a owner/operator of company-branded hotels in North America. The Company operates in the extended stay lodging industry. The Company owns and operates approximately 700 hotel properties consisting of approximately 75,900 rooms located in 44 states across the United States of America and in Canada.

Analyst Recommendations for Extended Stay America (NYSE:STAY)

Receive News & Ratings for Extended Stay America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply