Extended Stay America, Inc. (NYSE:STAY)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a research note issued to investors on Thursday. They presently have a $21.00 price objective on the stock. Robert W. Baird’s price objective points to a potential upside of 1.74% from the company’s current price.

Several other brokerages have also recently commented on STAY. BidaskClub upgraded shares of Extended Stay America from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of Extended Stay America in a research note on Thursday, June 29th. Finally, Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Extended Stay America presently has an average rating of “Buy” and an average target price of $20.75.

Shares of Extended Stay America (NYSE STAY) traded up 0.19% during trading on Thursday, hitting $20.68. The stock had a trading volume of 1,093,221 shares. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 26.55 and a beta of 1.06. Extended Stay America has a 52 week low of $13.00 and a 52 week high of $20.88. The stock’s 50 day moving average is $19.70 and its 200 day moving average is $18.68.

Extended Stay America (NYSE:STAY) last issued its earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of $338.36 million for the quarter, compared to the consensus estimate of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities research analysts expect that Extended Stay America will post $1.02 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/extended-stay-america-inc-stay-earns-buy-rating-from-robert-w-baird.html.

Several institutional investors have recently bought and sold shares of the company. Burgundy Asset Management Ltd. boosted its stake in shares of Extended Stay America by 7.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,236,716 shares of the company’s stock worth $23,943,000 after buying an additional 87,071 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Extended Stay America by 177.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 79,515 shares of the company’s stock worth $1,539,000 after buying an additional 50,875 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Extended Stay America by 17.1% during the 2nd quarter. Sterling Capital Management LLC now owns 79,408 shares of the company’s stock worth $1,537,000 after buying an additional 11,587 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Extended Stay America by 99.5% during the 2nd quarter. California State Teachers Retirement System now owns 299,231 shares of the company’s stock worth $5,793,000 after buying an additional 149,221 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Extended Stay America by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after buying an additional 367 shares during the last quarter. Institutional investors own 99.39% of the company’s stock.

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)

Receive News & Ratings for Extended Stay America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.