BidaskClub Downgrades Extended Stay America, Inc. (NYSE:STAY) to Sell
Extended Stay America, Inc. (NYSE:STAY) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
A number of other research analysts also recently commented on STAY. Stifel Nicolaus increased their price target on shares of Extended Stay America from $18.50 to $19.00 and gave the company a “buy” rating in a report on Friday, April 28th. TheStreet raised shares of Extended Stay America from a “c+” rating to a “b” rating in a report on Friday, May 5th. ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Finally, Zacks Investment Research raised shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.67.
Extended Stay America (NYSE STAY) traded up 1.02% on Friday, hitting $18.75. The stock had a trading volume of 1,200,864 shares. The company’s 50 day moving average price is $19.50 and its 200 day moving average price is $17.87. Extended Stay America has a 52-week low of $13.00 and a 52-week high of $20.50. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 24.07 and a beta of 1.06.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The business had revenue of $338.36 million during the quarter, compared to the consensus estimate of $342.70 million. During the same period in the previous year, the business posted $0.31 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. Analysts expect that Extended Stay America will post $1.02 EPS for the current year.
A number of hedge funds have recently bought and sold shares of STAY. Public Employees Retirement Association of Colorado raised its stake in Extended Stay America by 122.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after buying an additional 2,867 shares during the period. Meeder Asset Management Inc. purchased a new stake in Extended Stay America during the first quarter worth $105,000. Asset Management One Co. Ltd. raised its stake in Extended Stay America by 134.4% in the first quarter. Asset Management One Co. Ltd. now owns 7,500 shares of the company’s stock worth $120,000 after buying an additional 4,300 shares during the period. Envestnet Asset Management Inc. raised its stake in Extended Stay America by 50.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock worth $126,000 after buying an additional 2,658 shares during the period. Finally, TLP Group LLC purchased a new stake in Extended Stay America during the first quarter worth $135,000. 97.56% of the stock is currently owned by institutional investors.
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.
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