Extended Stay America Inc (STAY) Given Average Recommendation of “Buy” by Analysts

Shares of Extended Stay America Inc (NYSE:STAY) have been assigned an average recommendation of “Buy” from the twelve analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.81.

A number of brokerages have weighed in on STAY. Stifel Nicolaus reiterated a “buy” rating and issued a $19.50 price objective (up previously from $19.25) on shares of Extended Stay America in a research note on Tuesday, December 19th. BidaskClub cut Extended Stay America from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. ValuEngine cut Extended Stay America from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America cut their price target on Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Thursday, October 26th.

Shares of Extended Stay America (STAY) traded up $0.19 on Monday, reaching $19.35. The company had a trading volume of 1,436,600 shares, compared to its average volume of 1,522,575. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $3,721.88, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 3.22 and a beta of 0.97. Extended Stay America has a 52-week low of $15.43 and a 52-week high of $20.95.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $350.86 million during the quarter, compared to analyst estimates of $359.70 million. Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. equities research analysts predict that Extended Stay America will post 0.97 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Burgundy Asset Management Ltd. grew its holdings in Extended Stay America by 103.7% in the third quarter. Burgundy Asset Management Ltd. now owns 2,519,786 shares of the company’s stock valued at $50,396,000 after purchasing an additional 1,283,070 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Extended Stay America by 13.8% in the third quarter. Public Employees Retirement System of Ohio now owns 90,455 shares of the company’s stock valued at $1,809,000 after purchasing an additional 10,940 shares during the last quarter. California Public Employees Retirement System grew its holdings in Extended Stay America by 29.2% in the third quarter. California Public Employees Retirement System now owns 241,160 shares of the company’s stock valued at $4,823,000 after purchasing an additional 54,560 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Extended Stay America in the third quarter valued at $175,000. Finally, Janus Henderson Group PLC acquired a new stake in Extended Stay America in the third quarter valued at $2,024,000. 98.45% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Extended Stay America (NYSE:STAY)

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