Brokerages Set Choice Hotels International Inc. (CHH) Price Target at $45.60
Choice Hotels International Inc. (NYSE:CHH) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $45.60.
Several research analysts have issued reports on the company. Zacks Investment Research raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Morgan Stanley raised Choice Hotels International from an “underweight” rating to an “equal weight” rating and set a $47.00 price target on the stock in a report on Monday, September 26th.
In other Choice Hotels International news, CEO Stephen P. Joyce sold 32,000 shares of the business’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $45.09, for a total transaction of $1,442,880.00. Following the sale, the chief executive officer now directly owns 180,548 shares of the company’s stock, valued at approximately $8,140,909.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Patrick Cimerola sold 13,515 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $48.21, for a total transaction of $651,558.15. Following the sale, the insider now directly owns 50,882 shares in the company, valued at $2,453,021.22. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA increased its stake in shares of Choice Hotels International by 1.2% in the second quarter. Glenmede Trust Co. NA now owns 3,440 shares of the company’s stock valued at $162,000 after buying an additional 40 shares during the period. BlackRock Investment Management LLC boosted its position in Choice Hotels International by 1.0% in the third quarter. BlackRock Investment Management LLC now owns 14,018 shares of the company’s stock valued at $632,000 after buying an additional 135 shares in the last quarter. Sei Investments Co. boosted its position in Choice Hotels International by 0.6% in the second quarter. Sei Investments Co. now owns 23,591 shares of the company’s stock valued at $1,123,000 after buying an additional 149 shares in the last quarter. Alliancebernstein L.P. boosted its position in Choice Hotels International by 1.3% in the second quarter. Alliancebernstein L.P. now owns 18,865 shares of the company’s stock valued at $898,000 after buying an additional 250 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Choice Hotels International by 0.4% in the second quarter. Public Employees Retirement System of Ohio now owns 62,970 shares of the company’s stock valued at $2,999,000 after buying an additional 268 shares in the last quarter. 51.05% of the stock is currently owned by institutional investors.
Choice Hotels International (NYSE:CHH) opened at 52.85 on Wednesday. The firm has a 50-day moving average price of $47.63 and a 200 day moving average price of $47.33. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.91 and a beta of 0.97. Choice Hotels International has a 52-week low of $40.78 and a 52-week high of $54.32.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.05. The company had revenue of $267.60 million for the quarter, compared to analysts’ expectations of $252.77 million. Choice Hotels International had a negative return on equity of 36.59% and a net margin of 14.58%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities research analysts predict that Choice Hotels International will post $2.44 EPS for the current year.
Choice Hotels International Company Profile
Choice Hotels International, Inc (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States.
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