Summit Hotel Properties (INN) Stock Forecast & Price Target

$6.25

-0.10 (-1.57%)

(As of 11/29/2023 ET)

Today's Range: $6.24
▼
$6.45
50-Day Range: $5.37
▼
$6.38
52-Week Range: $5.31
▼
$8.81

Volume: 515,614 shs
Average Volume: 977,752 shs
Market Capitalization: $672.38 million

P/E Ratio: N/A
Dividend Yield: 3.84%
Price Target: $8.50

Summit Hotel Properties Consensus Analyst Rating and Stock Price Forecast (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 2 Analyst Ratings

Analysts' Consensus Price Target

$8.50
36.00% Upside

High Forecast	$8.50
Average Forecast	$8.50
Low Forecast	$8.50

Type	Current Forecast 11/30/22 to 11/30/23	1 Month Ago 10/31/22 to 10/31/23	3 Months Ago 9/1/22 to 9/1/23	1 Year Ago 11/30/21 to 11/30/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$8.50	$8.50	$9.83	$11.00
Predicted Upside	36.00% Upside	25.18% Upside	27.65% Upside	25.76% Upside

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INN Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

INN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Summit Hotel Properties Stock vs. The Competition

Type	Summit Hotel Properties	Finance Companies	S&P 500
Consensus Rating Score	2.50	2.40	2.49
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	36.00% Upside	3,904.26% Upside	4,719.86% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
3/29/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$10.00 ➝ $8.50	+25.18%
1/12/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral

(Data available from 11/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

INN Price Target - Frequently Asked Questions

What is Summit Hotel Properties's consensus rating and price target?: According to the issued ratings of 2 analysts in the last year, the consensus rating for Summit Hotel Properties stock is Moderate Buy based on the current 1 hold rating and 1 buy rating for INN. The average twelve-month price prediction for Summit Hotel Properties is $8.50 with a high price target of $8.50 and a low price target of $8.50. Learn more on INN's analyst rating history.
Do Wall Street analysts like Summit Hotel Properties more than its competitors?: Analysts like Summit Hotel Properties more than other Finance companies. The consensus rating for Summit Hotel Properties is Moderate Buy while the average consensus rating for finance companies is Hold. Learn more on how INN compares to other companies.
Does Summit Hotel Properties's stock price have much upside?: According to analysts, Summit Hotel Properties's stock has a predicted upside of 25.18% based on their 12-month stock forecasts.

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This page (NYSE:INN) was last updated on 11/30/2023 by MarketBeat.com Staff

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