Extended Stay America, Inc. (NYSE:STAY) Price Target Cut to $21.00 by Analysts at Bank of America Corporation

Extended Stay America, Inc. (NYSE:STAY) had its price objective decreased by Bank of America Corporation from $24.00 to $21.00 in a research note released on Wednesday, November 8th. Bank of America Corporation currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on STAY. BidaskClub downgraded Extended Stay America from a hold rating to a sell rating in a report on Friday, August 11th. Stifel Nicolaus lowered their price target on Extended Stay America from $21.00 to $19.25 and set a buy rating on the stock in a report on Wednesday, November 8th. ValuEngine downgraded Extended Stay America from a buy rating to a hold rating in a research note on Tuesday, November 7th. Morgan Stanley lowered their target price on Extended Stay America from $20.00 to $18.00 and set an equal weight rating on the stock in a research note on Wednesday, November 8th. Finally, Nomura lowered their target price on Extended Stay America from $26.00 to $23.00 and set a buy rating on the stock in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Extended Stay America has a consensus rating of Buy and an average target price of $20.81.

Shares of Extended Stay America (NYSE:STAY) opened at $17.24 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $3,300.00, a P/E ratio of 16.98, a P/E/G ratio of 3.09 and a beta of 1.05. Extended Stay America has a 1-year low of $15.43 and a 1-year high of $20.95.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st will be given a dividend of $0.21 per share. The ex-dividend date is Monday, November 20th. This represents a $0.84 annualized dividend and a dividend yield of 4.87%. Extended Stay America’s dividend payout ratio is presently 215.38%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Extended Stay America by 49.9% during the second quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock valued at $293,215,000 after acquiring an additional 5,044,514 shares during the period. BlackRock Inc. increased its stake in Extended Stay America by 82.3% during the second quarter. BlackRock Inc. now owns 12,118,235 shares of the company’s stock valued at $234,608,000 after acquiring an additional 5,469,312 shares during the period. Investec Asset Management LTD increased its stake in Extended Stay America by 2.2% during the second quarter. Investec Asset Management LTD now owns 8,874,263 shares of the company’s stock valued at $171,806,000 after acquiring an additional 189,347 shares during the period. Principal Financial Group Inc. increased its stake in Extended Stay America by 100.6% during the third quarter. Principal Financial Group Inc. now owns 6,710,452 shares of the company’s stock valued at $134,209,000 after acquiring an additional 3,365,110 shares during the period. Finally, Hamlin Capital Management LLC bought a new position in Extended Stay America during the second quarter valued at about $102,091,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was originally published by BBNS and is the sole property of of BBNS. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://baseballnewssource.com/markets/extended-stay-america-inc-stay-price-target-cut-to-21-00/1767866.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.