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 most optimistic analyst gave a price target of 21, implying a possible profit of 19.59 percent. The most pessimistic analyst gave a price target of 18, implying potential capital losses 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average 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. Over the past 30 days, FY earnings estimates have also changed upwards by 0.74 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 13.89 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's 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, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 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.

INN has traded between a high of 19.39 and a low of 12.45 over the past year. The current market price is above the trailing year's low by 41.04 percent, and 9.44 percent lower than its 52-week high. INN has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.