Extended Stay America Inc (STAY) Receives Average Rating of “Buy” from Brokerages

Extended Stay America Inc (NYSE:STAY) has been assigned a consensus rating of “Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.81.

Several equities research analysts recently commented on STAY shares. Stifel Nicolaus reiterated a “buy” rating and set a $19.50 target price (up from $19.25) on shares of Extended Stay America in a report on Tuesday, December 19th. BidaskClub downgraded Extended Stay America from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine downgraded Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America dropped their target price on 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, Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, October 26th.

Extended Stay America (STAY) traded up $0.19 during trading on Monday, hitting $19.35. The stock had a trading volume of 1,436,600 shares, compared to its average volume of 1,522,575. The stock has a market cap of $3,721.88, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 3.22 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 has a 52 week low of $15.43 and a 52 week high of $20.95.

Extended Stay America (NYSE:STAY) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $350.86 million during the quarter, compared to analysts’ expectations of $359.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 earnings per share. analysts expect that Extended Stay America will post 0.97 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of STAY. Cable Hill Partners LLC acquired a new position in shares of Extended Stay America in the 3rd quarter worth approximately $104,000. The Manufacturers Life Insurance Company grew its position in shares of Extended Stay America by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after acquiring an additional 367 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Extended Stay America by 108.3% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock worth $141,000 after acquiring an additional 3,678 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Extended Stay America in the 2nd quarter worth approximately $148,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Extended Stay America in the 3rd quarter worth approximately $175,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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Extended Stay America Company Profile

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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