Summit Hotel Properties Price Target Raised to $12.00 at Robert W. Baird (INN)
Research analysts at Robert W. Baird lifted their target price on shares of Summit Hotel Properties (NYSE:INN) from $11.00 to $12.00 in a report released on Wednesday. Robert W. Baird’s price objective points to a potential upside of 12.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Summit Hotel Properties from an “underperform” rating to a “neutral” rating in a research note on Friday, June 13th. They now have a $10.60 price target on the stock. Separately, analysts at MLV & Co
raised their price target on shares of Summit Hotel Properties from $1.00 to $12.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital upgraded shares of Summit Hotel Properties from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $11.00 price target on the stock, up previously from $10.00. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.01.
Summit Hotel Properties (NYSE:INN) traded down 0.56% during mid-day trading on Wednesday, hitting $10.65. The stock had a trading volume of 215,987 shares. Summit Hotel Properties has a 52 week low of $8.50 and a 52 week high of $10.77. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $9.52. The company’s market cap is $911.2 million.
Summit Hotel Properties (NYSE:INN) last released its earnings data on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.20. The company had revenue of $89.50 million for the quarter, compared to the consensus estimate of $87.33 million. Summit Hotel Properties’s revenue was up 49.9% compared to the same quarter last year. Analysts expect that Summit Hotel Properties will post $0.89 EPS for the current fiscal year.
Summit Hotel Properties, Inc (NYSE:INN), is a real estate investment trust (REIT).
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