Stifel Nicolaus Believes Extended Stay America (NYSE: STAY) Won’t Stop Here

By Jason Carr

Stifel Nicolaus analyst Simon Yarmak reiterated a Buy rating on Extended Stay America (NYSE: STAY) today and set a price target of $21. The company’s shares closed yesterday at $19.37, close to its 52-week high of $19.98.

According to TipRanks.com, Yarmak is a 4-star analyst with an average return of 10.3% and a 67.7% success rate. Yarmak covers the Financial sector, focusing on stocks such as National Retail Properties, Lasalle Hotel Properties, and Hersha Hospitality Trust.

Extended Stay America has an analyst consensus of Moderate Buy, with a price target consensus of $21.

The company has a one year high of $19.98 and a one year low of $13. Currently, Extended Stay America has an average volume of 3.02M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

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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.