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.
Investment analysts gave a few price targets for INN. The most optimistic price target was 21, implying a possible profit of 19.59 percent. The most pessimistic analyst gave a price target of 18, implying a possible loss 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -13.99 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.74 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 13.89 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
Analysts estimate earnings of INN to grow at a rate of 66.22 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of INN is 0.33.
In the trailing 52-weeks, INN hit 19.39 at the highest peak, while it's lowest trading point was 12.45. 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 will post this quarters earnings in days, on 0000-00-00.