Extended Stay America, Inc. (STAY) Stock Rating Upgraded by BidaskClub

Extended Stay America, Inc. (NYSE:STAY) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. Robert W. Baird reaffirmed a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a research report on Friday, September 8th. 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.75.

Shares of Extended Stay America (NYSE STAY) opened at 20.60 on Friday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 26.44 and a beta of 1.06. The stock has a 50 day moving average price of $19.53 and a 200 day moving average price of $18.56. Extended Stay America has a one year low of $13.00 and a one year high of $20.63.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $338.36 million for the quarter, compared to analysts’ expectations of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts forecast that Extended Stay America will post $1.02 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Extended Stay America, Inc. (STAY) Stock Rating Upgraded by BidaskClub” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/09/extended-stay-america-inc-stay-stock-rating-upgraded-by-bidaskclub.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado raised its position in 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. Meeder Asset Management Inc. purchased a new stake in Extended Stay America in the first quarter valued at approximately $105,000. Asset Management One Co. Ltd. raised its position in 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. The Manufacturers Life Insurance Company raised its position in 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. Finally, Envestnet Asset Management Inc. raised its position in Extended Stay America by 50.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock valued at $126,000 after purchasing an additional 2,658 shares during the period. 99.39% of the stock is cur

Other analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. Robert W. Baird reaffirmed a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a research report on Friday, September 8th. 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.75.

Shares of Extended Stay America (NYSE STAY) opened at 20.60 on Friday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 26.44 and a beta of 1.06. The stock has a 50 day moving average price of $19.53 and a 200 day moving average price of $18.56. Extended Stay America has a one year low of $13.00 and a one year high of $20.63.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $338.36 million for the quarter, compared to analysts’ expectations of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts forecast that Extended Stay America will post $1.02 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Extended Stay America, Inc. (STAY) Stock Rating Upgraded by BidaskClub” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/09/extended-stay-america-inc-stay-stock-rating-upgraded-by-bidaskclub.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado raised its position in 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. Meeder Asset Management Inc. purchased a new stake in Extended Stay America in the first quarter valued at approximately $105,000. Asset Management One Co. Ltd. raised its position in 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. The Manufacturers Life Insurance Company raised its position in 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. Finally, Envestnet Asset Management Inc. raised its position in Extended Stay America by 50.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock valued at $126,000 after purchasing an additional 2,658 shares during the period. 99.39% 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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