Deutsche Bank analyst Chris Woronka maintained a Buy rating on Extended Stay America (STAY) today and set a price target of $16.00. The company’s shares closed last Wednesday at $9.90.
According to TipRanks.com, Woronka is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.2% and a 33.5% success rate. Woronka covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Host Hotels & Resorts, and Hertz Global Holdings.
Extended Stay America has an analyst consensus of Moderate Buy, with a price target consensus of $12.11, implying a 16.2% upside from current levels. In a report issued on April 22, Jefferies also upgraded the stock to Buy with a $14.00 price target.
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Extended Stay America’s market cap is currently $1.83B and has a P/E ratio of 28.40. The company has a Price to Book ratio of 3.02.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STAY in relation to earlier this year.
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.
Extended Stay America, Inc. engages in the operation and owning of hotels in North America. It operates through the Owned Hotels, and Franchise and Management segments. The Owned Hotels segment includes the earnings derived from the operation of the company-owned hotel properties and other hotel revenues. The Franchise and Management segment consists of earnings under contracts and agreements with third parties. The company was founded in 1995 and is headquartered in Charlotte, NC.
