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Extended Stay America (NASDAQ:STAY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday. They currently have a $22.50 price objective on the stock. Zacks‘s price objective indicates a potential downside of 5.10% from the stock’s previous close.

Extended Stay America (NASDAQ:STAY) traded up 0.21% on Friday, hitting $23.76. The stock had a trading volume of 148,504 shares. Extended Stay America has a 1-year low of $20.62 and a 1-year high of $26.83. The stock has a 50-day moving average of $22.99 and a 200-day moving average of $23.25. The company has a market cap of $4.864 billion and a P/E ratio of 51.21.

Extended Stay America (NASDAQ:STAY) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.01. The company had revenue of $321.90 million for the quarter, compared to the consensus estimate of $319.11 million. During the same quarter last year, the company posted $0.23 earnings per share. Extended Stay America’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Extended Stay America will post $0.93 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on STAY. Analysts at Barclays reiterated an “overweight” rating on shares of Extended Stay America in a research note on Tuesday. They now have a $28.00 price target on the stock, down previously from $29.00. Analysts at JPMorgan Chase & Co. cut their price target on shares of Extended Stay America from $28.00 to $27.00 in a research note on Monday, August 18th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $26.44.

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