Barclays Keeps a Buy Rating on Extended Stay America

By Ryan Adsit

In a report released today, Felicia Hendrix from Barclays maintained a Buy rating on Extended Stay America (NYSE: STAY), with a price target of $22. The company’s shares opened today at $19.98.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 7.2% and a 62.8% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Norwegian Cruise Line.

Currently, the analyst consensus on Extended Stay America is Strong Buy and the average price target is $21.38, representing a 7.0% upside.

In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $21.50 price target.

The company has a one-year high of $21.28 and a one-year low of $15.63. Currently, Extended Stay America has an average volume of 1.9M.

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Extended Stay America, Inc. engages in owning and operating company-branded hotels in North America. Its hotels provide similar services, use similar processes to sell services, and sell services to similar classes of customers. The company was founded on July 8, 2013 and is headquartered in Charlotte, NC.