Stifel Nicolaus Reaffirms Buy Rating for Extended Stay America (STAY)

Stifel Nicolaus restated their buy rating on shares of Extended Stay America (NYSE:STAY) in a research note published on Tuesday. Stifel Nicolaus currently has a $20.50 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Extended Stay America from a hold rating to a buy rating and set a $23.00 price target on the stock in a research note on Thursday, October 26th. Robert W. Baird reiterated a buy rating and set a $21.00 price target on shares of Extended Stay America in a research note on Thursday, October 12th. Bank of America decreased their price target on shares of Extended Stay America from $24.00 to $21.00 and set a buy rating on the stock in a research note on Wednesday, November 8th. Deutsche Bank decreased their price target on shares of Extended Stay America from $23.00 to $21.00 and set a buy rating on the stock in a research note on Wednesday, November 8th. Finally, Nomura decreased their price target on shares of Extended Stay America from $26.00 to $23.00 and set a buy rating on the stock in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $21.17.

Shares of Extended Stay America (STAY) traded up $0.11 during trading on Tuesday, hitting $20.61. 1,383,094 shares of the stock traded hands, compared to its average volume of 1,641,333. The firm has a market capitalization of $3,943.08, a P/E ratio of 52.85, a price-to-earnings-growth ratio of 7.07 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11. Extended Stay America has a twelve month low of $15.43 and a twelve month high of $20.95.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $350.86 million during the quarter, compared to analyst estimates of $359.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. analysts anticipate that Extended Stay America will post 0.98 earnings per share for the current year.

Several large investors have recently modified their holdings of STAY. BlackRock Inc. boosted its stake in shares of Extended Stay America by 82.3% in the 2nd quarter. BlackRock Inc. now owns 12,118,235 shares of the company’s stock valued at $234,608,000 after purchasing an additional 5,469,312 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Extended Stay America by 49.9% in the 2nd quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock valued at $293,215,000 after purchasing an additional 5,044,514 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Extended Stay America by 100.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,710,452 shares of the company’s stock valued at $134,209,000 after purchasing an additional 3,365,110 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Extended Stay America by 103.7% in the 3rd 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 in the last quarter. Finally, State Street Corp boosted its stake in shares of Extended Stay America by 111.3% in the 2nd quarter. State Street Corp now owns 2,166,817 shares of the company’s stock valued at $41,949,000 after purchasing an additional 1,141,216 shares in the last quarter. Institutional investors own 98.45% 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.

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