Choice Hotels International Inc (CHH) Lowered to “Equal Weight” at Morgan Stanley
Choice Hotels International Inc (NYSE:CHH) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Friday, May 5th. They currently have a $65.00 target price on the stock. Morgan Stanley’s price target points to a potential upside of 3.17% from the company’s current price. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently weighed in on CHH. Zacks Investment Research downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. Barclays PLC reissued a “sell” rating and issued a $54.00 target price on shares of Choice Hotels International in a research report on Tuesday, February 14th. Finally, Telsey Advisory Group boosted their target price on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.86.
Shares of Choice Hotels International (NYSE:CHH) traded up 1.43% on Friday, hitting $63.90. The stock had a trading volume of 26,495 shares. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 24.53 and a beta of 1.05. The stock has a 50 day moving average of $63.02 and a 200 day moving average of $57.85. Choice Hotels International has a 12-month low of $43.61 and a 12-month high of $66.75.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $197.89 million for the quarter, compared to analyst estimates of $216.24 million. Choice Hotels International had a net margin of 14.58% and a negative return on equity of 36.59%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Equities analysts predict that Choice Hotels International will post $2.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, June 29th. Choice Hotels International’s dividend payout ratio (DPR) is 36.13%.
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In other Choice Hotels International news, insider Simone Wu sold 13,223 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $61.33, for a total value of $810,966.59. Following the completion of the transaction, the insider now owns 33,007 shares in the company, valued at approximately $2,024,319.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 22.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of CHH. BlackRock Inc. raised its stake in shares of Choice Hotels International by 2,026.0% in the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after buying an additional 2,233,299 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Choice Hotels International by 32,123.6% in the first quarter. Victory Capital Management Inc. now owns 817,514 shares of the company’s stock worth $51,176,000 after buying an additional 814,977 shares in the last quarter. Capital Growth Management LP bought a new stake in shares of Choice Hotels International during the first quarter worth $40,064,000. Vulcan Value Partners LLC bought a new stake in shares of Choice Hotels International during the fourth quarter worth $33,152,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Choice Hotels International during the fourth quarter worth $27,308,000. 49.27% of the stock is owned by institutional investors.
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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