Why Summit Hotel Properties, Inc. (NYSE:INN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.83 on Summit Hotel Properties, Inc. (NYSE:INN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.34 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Summit Hotel Properties, Inc. (NYSE:INN) stands at 8.16.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Summit Hotel Properties, Inc. C, the PEG ratio for coming 3-5 years is 1.70.

Technical Analysis

The technical analysis highlights that Summit Hotel Properties, Inc. C current is trading $0.49 points away or +3.56% from its 50-day moving average of $13.69. Further it is trading $2.24 or +18.74% away its 200-day moving average of $11.94.

The 52-week high of Summit Hotel Properties, Inc. (NYSE:INN) was $14.58 while lowest point recorded in 52-week was $9.00. It implies if stock price makes a movement of over $-0.40, it will record a new 52-week high. In the case of +57.56% drop, it will touch a new 52-week low.

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