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.

INN was given price targets by several analysts. The highest price target was 21, which equates to a potential upside of 19.59 percent. The most pessimistic price target was 18, implying a possible loss of 2.51 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.98 percent. That number becomes -13.99 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.74 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 13.89 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.

The growth rate of INN's earnings is estimated by analysts to be 66.22 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of INN is 0.33.

INN has traded between a high of 19.39 and a low of 12.45 over the past year. Currently the stock is 41.04 percent higher than its low, and below the high by 9.44 percent. 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 market cap of INN is $1.83 billion. INN will post this quarters earnings in days, on 0000-00-00.