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BidaskClub downgraded Extended Stay America Inc (NYSE:STAY) to Buy in a report released today.

BidaskClub has downgraded Extended Stay America Inc (NYSE:STAY) to Buy in a report released on 7/8/2017.

Previously on 6/29/2017, Stifel Nicolaus reported about Extended Stay America Inc (NYSE:STAY) raised the target price from $20.00 to $21.00. At the time, this indicated a possible upside of 0.09%.

Yesterday Extended Stay America Inc (NYSE:STAY) traded 1.02% higher at $19.23. The company’s 50-day moving average is $19.50 and its 200-day moving average is $17.87. The last stock close price is up 4.91% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 1,200,864 shares of the stock were exchanged, down from an average trading volume of 2,614,470

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Extended Stay America Inc (NYSE:STAY)

Extended Stay America Inc has a 52 week low of $13.00 and a 52 week high of $20.50 with a P/E ratio of 24.07 The company’s market cap is currently $0.

Also covering Extended Stay America Inc's price target, a total of 12 analysts have released a research note on Extended Stay America Inc. The 12-month price target is $17.96 with one equity analyst rating the company a strong buy, four equity analysts rating the company a buy, eight equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Extended Stay America Inc (NYSE:STAY)

Extended Stay America, Inc. (Extended Stay) is an integrated owner/operator of Company-branded hotels in North America. The Company operates in hotel operations segment. The Company's business operates in the extended stay sector of the lodging industry. As of December 31, 2016, the Company owned and operated 629 hotels comprising approximately 69,400 rooms located in 44 states across the United States and in Canada. The Company owns and operates its hotels under its brand, Extended Stay America, which serves the mid-price extended stay sector. As of December 31, 2016, the Company also owned and operated three Extended Stay Canada hotels. The Company operates its hotels owned by ESH Hospitality, Inc. (ESH REIT). The hotels are operated by the Operating Lessees, subsidiaries of the Company and are managed by ESA Management LLC (ESA Management), a subsidiary of the Company. ESH Strategies, a subsidiary of the Company, owns the brands related to its business.

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