Choice Hotels International, Inc. (CHH) Receives Average Recommendation of “Hold” from Analysts
Shares of Choice Hotels International, Inc. (NYSE:CHH) have earned an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $61.00.
CHH has been the subject of several recent analyst reports. Telsey Advisory Group boosted their target price on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Morgan Stanley cut Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research note on Friday, May 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Wednesday, July 5th. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG decreased their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd.
In other Choice Hotels International news, insider David A. Pepper sold 1,071 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $61.09, for a total value of $65,427.39. Following the completion of the sale, the insider now owns 69,864 shares in the company, valued at $4,267,991.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total value of $1,072,852.48. Following the completion of the sale, the chief executive officer now owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,496 shares of company stock valued at $3,929,690. 22.01% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after buying an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Choice Hotels International by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after buying an additional 106 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Choice Hotels International during the second quarter worth $108,000. KBC Group NV purchased a new stake in shares of Choice Hotels International during the first quarter worth $120,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Choice Hotels International during the first quarter worth $130,000. Institutional investors own 50.27% of the company’s stock.
Choice Hotels International (NYSE CHH) traded up 1.41% during mid-day trading on Wednesday, reaching $61.00. 63,159 shares of the company’s stock were exchanged. The company’s 50-day moving average is $62.71 and its 200 day moving average is $62.97. Choice Hotels International has a one year low of $43.70 and a one year high of $67.80. The firm has a market capitalization of $3.42 billion, a P/E ratio of 22.53 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equities analysts predict that Choice Hotels International will post $2.85 earnings per share for the current fiscal year.
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About Choice Hotels International
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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