Deutsche Bank Analysts Give Extended Stay America (NYSE:STAY) a $22.00 Price Target

Share on StockTwits

Deutsche Bank set a $22.00 price objective on Extended Stay America (NYSE:STAY) in a report issued on Sunday morning, TipRanks reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently commented on STAY. Zacks Investment Research downgraded shares of Hanger from a hold rating to a sell rating in a research note on Tuesday, May 28th. Jefferies Financial Group reissued a buy rating on shares of Extended Stay America in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $20.36.

STAY stock traded down $0.01 during trading on Friday, reaching $16.89. 25,896 shares of the company were exchanged, compared to its average volume of 1,753,365. Extended Stay America has a 52-week low of $14.77 and a 52-week high of $22.37. The firm’s 50 day moving average is $17.06.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $277.67 million for the quarter, compared to analysts’ expectations of $273.58 million. During the same period in the previous year, the company posted $0.19 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of STAY. Norges Bank bought a new position in Extended Stay America during the 4th quarter worth $34,578,000. BlackRock Inc. boosted its stake in shares of Extended Stay America by 23.2% during the fourth quarter. BlackRock Inc. now owns 10,117,215 shares of the company’s stock valued at $156,815,000 after purchasing an additional 1,904,908 shares in the last quarter. Long Pond Capital LP acquired a new position in shares of Extended Stay America in the first quarter worth approximately $27,979,000. Northwood Liquid Management LP acquired a new position in shares of Extended Stay America in the fourth quarter worth approximately $20,873,000. Finally, Becker Capital Management Inc. bought a new stake in Extended Stay America in the first quarter worth approximately $11,380,000. 96.67% of the stock is owned by institutional investors and hedge funds.

About Extended Stay America

Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.

Recommended Story: Diversification in Investing

Analyst Recommendations for Extended Stay America (NYSE:STAY)

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



Latest News

Research Analysts’ Weekly Ratings Changes for Corning
Research Analysts’ Weekly Ratings Changes for Corning
Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Editas Medicine Inc
Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Editas Medicine Inc
Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Freshpet Inc
Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Freshpet Inc
Analysts Set Summit Hotel Properties Inc  Target Price at $13.40
Analysts Set Summit Hotel Properties Inc Target Price at $13.40
Zurcher Kantonalbank Zurich Cantonalbank Makes New Investment in Helios Technologies
Zurcher Kantonalbank Zurich Cantonalbank Makes New Investment in Helios Technologies
WCM Investment Management LLC Buys 68,835 Shares of ASML Holding NV
WCM Investment Management LLC Buys 68,835 Shares of ASML Holding NV


 
© 2006-2019 Zolmax.