Extended Stay America, Inc. (NYSE:STAY)‘s stock had its “buy” rating reissued by stock analysts at Robert W. Baird in a report released on Friday. They presently have a $21.00 price objective on the stock. Robert W. Baird’s price target indicates a potential upside of 7.36% from the company’s current price.

Other analysts have also issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price objective (up previously from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. BidaskClub lowered shares of Extended Stay America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. 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 lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.67.

Shares of Extended Stay America (NYSE:STAY) traded up 2.35% on Friday, hitting $19.56. The company had a trading volume of 2,815,678 shares. The company has a 50-day moving average of $19.19 and a 200 day moving average of $18.13. The stock has a market cap of $3.76 billion, a PE ratio of 25.11 and a beta of 1.06. Extended Stay America has a 12 month low of $13.00 and a 12 month high of $20.50.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $338.36 million during the quarter, compared to the consensus estimate of $342.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Analysts anticipate that Extended Stay America will post $1.02 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its position in shares of 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 valued at $101,000 after purchasing an additional 2,867 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Extended Stay America by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock valued at $120,000 after purchasing an additional 367 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Extended Stay America in the first quarter valued at about $105,000. Asset Management One Co. Ltd. raised its position in shares of 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 valued at $120,000 after purchasing an additional 4,300 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Extended Stay America in the second quarter valued at about $148,000. 99.44% 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.

Analyst Recommendations for Extended Stay America (NYSE:STAY)

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