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

Other analysts have also recently issued reports about the company. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. Robert W. Baird reissued a “buy” rating and issued a $21.00 price target on shares of Extended Stay America in a research report on Friday, September 8th. Finally, Zacks Investment Research cut Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Extended Stay America presently has an average rating of “Buy” and a consensus target price of $20.75.

Shares of Extended Stay America (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 52 week low of $13.00 and a 52 week high of $20.63.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The company had revenue of $338.36 million during the quarter, compared to the consensus estimate of $342.70 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Extended Stay America will post $1.02 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in STAY. Russell Investments Group Ltd. raised its holdings in Extended Stay America by 2,089.8% in the 1st quarter. Russell Investments Group Ltd. now owns 137,193 shares of the company’s stock worth $2,187,000 after acquiring an additional 130,928 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Extended Stay America by 6.0% in the 1st quarter. Wells Fargo & Company MN now owns 168,655 shares of the company’s stock worth $2,688,000 after acquiring an additional 9,563 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Extended Stay America by 57.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 14,559 shares of the company’s stock worth $232,000 after acquiring an additional 5,300 shares during the last quarter. Swiss National Bank raised its holdings in Extended Stay America by 29.2% in the 1st quarter. Swiss National Bank now owns 225,186 shares of the company’s stock worth $3,589,000 after acquiring an additional 50,900 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Extended Stay America by 30.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 78,663 shares of the company’s stock worth $1,254,000 after acquiring an additional 18,216 shares during the last quarter. Institutional investors own 99.39% of the company’s stock.

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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