Extended Stay America’s (STAY) Buy Rating Reaffirmed at Stifel Nicolaus

Extended Stay America (NYSE:STAY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research note issued on Tuesday, January 9th. They presently have a $20.50 price target on the stock. Stifel Nicolaus’ target price would indicate a potential downside of 0.53% from the company’s previous close.

Several other analysts also recently commented on STAY. BidaskClub downgraded shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America decreased their target price on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a research 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 objective for the company in a report on Thursday, October 26th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $21.00 price objective on shares of Extended Stay America in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.17.

Extended Stay America (STAY) opened at $20.61 on Tuesday. Extended Stay America has a 1 year low of $15.43 and a 1 year high of $20.95. The company has a market cap of $3,964.24, a P/E ratio of 52.85, a P/E/G ratio of 7.11 and a beta of 0.97. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.94.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The company had revenue of $350.86 million for the quarter, compared to analysts’ expectations of $359.70 million. Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. equities analysts anticipate that Extended Stay America will post 0.98 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. raised its stake in Extended Stay America by 7.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,236,716 shares of the company’s stock valued at $23,943,000 after purchasing an additional 87,071 shares during the last quarter. Gluskin Sheff & Assoc Inc. raised its stake in shares of Extended Stay America by 3.6% in the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 1,491,315 shares of the company’s stock valued at $29,826,000 after buying an additional 51,412 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Extended Stay America by 125.7% in the 2nd quarter. Utah Retirement Systems now owns 30,250 shares of the company’s stock valued at $585,000 after buying an additional 16,850 shares in the last quarter. Raymond James Trust N.A. acquired a new position in shares of Extended Stay America in the 2nd quarter valued at $506,000. Finally, Swiss National Bank raised its stake in shares of Extended Stay America by 42.6% in the 2nd quarter. Swiss National Bank now owns 321,086 shares of the company’s stock valued at $6,216,000 after buying an additional 95,900 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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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)

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