Extended Stay America Receives a Buy from Robert W. Baird

By Jason Carr

In a report issued on October 9, Michael Bellisario from Robert W. Baird reiterated a Buy rating on Extended Stay America (NYSE: STAY), with a price target of $21. The company’s shares opened today at $20.64, close to its 52-week high of $20.88.

According to TipRanks.com, Bellisario is a 3-star analyst with an average return of 5.4% and a 88.5% success rate. Bellisario covers the Financial sector, focusing on stocks such as Condor Hospitality Trust Inc, Ashford Hospitality Trust, and Ashford Hospitality Prime.

Currently, the analyst consensus on Extended Stay America is Moderate Buy and the average price target is $21, representing a 1.7% upside.

In a report issued on October 10, Stifel Nicolaus also reiterated a Buy rating on the stock with a $21 price target.

Based on Extended Stay America’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $338 million and quarterly net profit of $51.78 million. In comparison, last year the company earned revenue of $355 million and had a net profit of $46.56 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.

Extended Stay America, Inc. engages in owning and operating company-branded hotels in North America. Its hotels are designed to provide alternative lodging or apartment accommodations. The company was founded on July 8, 2013 and is headquartered in Charlotte, NC.