Extended Stay America (NYSE:STAY) was upgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a $21.00 price target on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 18.24% from the stock’s previous close.
Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Robert W. Baird reissued a “buy” rating and set a $21.00 target price on shares of Extended Stay America in a research note on Friday, September 8th. BidaskClub raised shares of Extended Stay America from a “sell” rating to a “hold” rating in a research note on Saturday, October 7th. Stifel Nicolaus cut their target price on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $21.03.
Extended Stay America (NYSE:STAY) traded up $0.56 during midday trading on Wednesday, hitting $17.76. The company’s stock had a trading volume of 2,992,153 shares, compared to its average volume of 2,168,147. The company has a market capitalization of $3,430.00, a PE ratio of 16.98, a P/E/G ratio of 3.09 and a beta of 0.98. Extended Stay America has a 52 week low of $15.43 and a 52 week high of $20.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.11 and a quick ratio of 0.11.
Several institutional investors have recently bought and sold shares of STAY. California Public Employees Retirement System purchased a new position in shares of Extended Stay America during the 1st quarter valued at $309,000. Dimensional Fund Advisors LP grew its holdings in shares of Extended Stay America by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 319,589 shares of the company’s stock valued at $5,094,000 after acquiring an additional 80,950 shares in the last quarter. State Street Corp grew its holdings in shares of Extended Stay America by 6.7% during the 1st quarter. State Street Corp now owns 1,025,601 shares of the company’s stock valued at $16,350,000 after acquiring an additional 64,203 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Extended Stay America by 122.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock valued at $101,000 after acquiring an additional 2,867 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Extended Stay America by 29.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 18,802 shares of the company’s stock valued at $363,000 after acquiring an additional 4,243 shares in the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.
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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.
