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Equities researchers at Citigroup Inc. began coverage on shares of Extended Stay America (NASDAQ:STAY) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $23.00 price target on the stock. Citigroup Inc.’s target price points to a potential downside of 7.48% from the stock’s previous close.

Shares of Extended Stay America (NASDAQ:STAY) traded up 0.56% on Monday, hitting $25.00. The stock had a trading volume of 105,322 shares. Extended Stay America has a 52-week low of $22.14 and a 52-week high of $25.60. The stock has a 50-day moving average of $24.47 and a 200-day moving average of $24.47. The company has a market cap of $5.011 billion and a P/E ratio of 107.62.

Extended Stay America (NASDAQ:STAY) last announced its earnings results on Wednesday, December 18th. The company reported $0.28 EPS for the quarter. Analysts expect that Extended Stay America will post $0.42 EPS for the current fiscal year.

STAY has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Extended Stay America in a research note to investors on Monday. They set an “overweight” rating and a $29.00 price target on the stock. Separately, analysts at MKM Partners initiated coverage on shares of Extended Stay America in a research note to investors on Tuesday, December 3rd. They set a “buy” rating and a $32.00 price target on the stock. Finally, analysts at Susquehanna initiated coverage on shares of Extended Stay America in a research note to investors on Friday, November 15th. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Extended Stay America currently has a consensus rating of “Hold” and a consensus price target of $28.25.

The Fly On The Wall

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