Brokerage Firm Rating Update on Extended Stay America (STAY)

Extended Stay America (STAY) : 3 brokerage houses believe that Extended Stay America (STAY) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Extended Stay America (STAY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.14.

Extended Stay America (STAY) : Average target price received by Extended Stay America (STAY) is $17.67 with an expected standard deviation of $2.16. The most aggressive target on the stock is $21, whereas the most downbeat target is $15. 6 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Extended Stay America (NYSE:STAY). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $15.5 per share to $15 per share. The rating by the firm was issued on August 17, 2016.

Extended Stay America (NYSE:STAY): The stock opened at $14.23 and touched an intraday high of $14.49 on Wednesday. During the day, the stock corrected to an intraday low of $14.22, however, the bulls stepped in and pushed the price higher to close in the green at $14.41 with a gain of 1.05% for the day. The total traded volume for the day was 284,743. The stock had closed at $14.26 in the previous trading session.

Extended Stay America, Inc. (Extended Stay) is an integrated owner/operator of company-branded hotels in North America. The Companys business operates in the extended stay lodging industry. The Company owns and operates approximately 682 hotels comprising approximately 76,000 rooms located in 44 states across the United States and in Canada. It owns and operates approximately 632 of its hotels under its brand, Extended Stay America, which serves the mid-price extended stay segment. In addition, the Company owns and operates three Extended Stay Canada hotels and approximately 47 hotels in the economy extended stay segment under the Crossland Economy Studios brand. The Company operates approximately 682 hotels owned by its subsidiary, ESH Hospitality, Inc. (ESH REIT). The Companys hotels feature furnished rooms with in-room kitchens, complimentary grab-and-go breakfast, free WiFi, flat screen TVs and limited housekeeping service.

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