Goldman Sachs Initiates Coverage on Extended Stay America Inc(NYSE:STAY). The shares have been rated Neutral. The rating by Goldman Sachs was issued on Sep 26, 2016.
In a different note, On Aug 17, 2016, Citigroup said it Maintains its rating on Extended Stay America Inc. In the research note, the firm Lowers the price-target to $15.50 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, Barclays said it Maintains its rating on Extended Stay America Inc. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 29, 2016, Deutsche Bank said it Maintains its rating on Extended Stay America Inc. In the research note, the firm Lowers the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm.
Extended Stay America Inc (STAY) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.68% at a volume of 4,06,359. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15. The peak price level was also seen at $15 while the days lowest was $14.67. Finally the shares closed at $14.71. The 52-week high of the shares is $19.86 while the 52-week low is $10.56. According to the latest information available, the market cap of the company is $2,952 M.
Extended Stay America Inc(STAY) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $332.79M. Analysts had an estimated revenue of $337.16M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.29.
Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, William A Kussell (director) sold 40,000 shares at $14.76 per share price.Also, On Mar 3, 2016, Richard F Wallman (director) purchased 5,000 shares at $15.00 per share price.On Nov 20, 2015, & Co. Inc. Paulson (10% owner) sold 5,000,000 shares at $16.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Extended Stay America Inc. (Extended Stay) is an integrated owner/operator of company-branded hotels in North America. The Company’s business operates in the extended stay lodging industry. The Company owns and operates approximately 682 hotels comprising approximately 76000 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 Company’s hotels feature furnished rooms with in-room kitchens complimentary grab-and-go breakfast free WiFi flat screen TVs and limited housekeeping service.