Extended Stay America (STAY) Receives Price Target

Extended Stay America (STAY) : The consensus price target for Extended Stay America (STAY) is $17.67 for the short term with a standard deviation of $2.16. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $21, however, the pessimist price target for the company is $15.

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.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Extended Stay America (NYSE:STAY). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $15 per share from a prior target of $15.5. The rating by the firm was issued on August 17, 2016.

Extended Stay America (NYSE:STAY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.13 and $14.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.26, notching a gain of 0.78% for the day. The total traded volume was 254,185 . The stock had closed at $14.15 on the previous day.

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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