Deutsche Bank analyst Chris Woronka maintained a Buy rating on Summit Hotel Properties (INN) today and set a price target of $12.00. The company’s shares closed last Monday at $9.86, close to its 52-week low of $9.84.
According to TipRanks.com, Woronka has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.7% and a 35.7% success rate. Woronka covers the Financial sector, focusing on stocks such as Host Hotels & Resorts, Hertz Global Holdings, and Park Hotels & Resorts.
Summit Hotel Properties has an analyst consensus of Moderate Buy, with a price target consensus of $13.25.
See today’s analyst top recommended stocks >>
Based on Summit Hotel Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $9.19 million. In comparison, last year the company had a net profit of $5.73 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Summit Hotel Properties, Inc. is a real estate investment trust, which operates as a self-managed hotel investment company. It focuses on owning premium-branded select-service hotels.
Read More on INN:
