Analyst Ratings for Summit Hotel Properties Inc. (INN)Updated: 2017-07-27
Shares of Summit Hotel Properties Inc. (NYSE:INN) have received a consensus rating of Overweight from Wall Street analysts. INN had previously received a consensus rating of Buy a month ago.
Of the 9 analysts covering the stock, 6 gave it a buy rating, 1 issued an overweight rating, 2 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for INN. The most optimistic analyst gave a price target of 21, implying potential capital gains of 19.59 percent. The lowest price target was 18, implying potential capital losses of 2.51 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.98 percent. The average change in earnings estimates over the last 90 days is -13.99 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.74 percent. If we look at the last 90 days instead, we find a net average change of 13.89 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 1 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
INN has an estimated earnings growth rate of 66.22 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of INN is 0.33.
In the last 52-weeks, INN has achieved a high of 19.39 and a low of 12.45. Today's price is 41.04 percent above the 52-week low, and 9.44 percent lower than its 52-week high. INN has a P/E ratio of 22.09. Investors typically compare the P/E ratio to a company's peers in the industry. The INN value stock report compares INN to some of its peers using value stock charts. The stock has a market capitalization of $1.83 billion. INN's next earnings release will be on 0000-00-00, which is days away.