Somewhat Positive News Coverage Somewhat Unlikely to Impact Choice Hotels International (CHH) Stock Price
Headlines about Choice Hotels International (NYSE:CHH) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Choice Hotels International earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.0140826558437 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Bruce Bainum Sells 20,770 Shares of Choice Hotels International, Inc. (CHH) Stock (americanbankingnews.com)
- Critical Review: Choice Hotels International (CHH) & Marcus Corporation (The) (MCS) (americanbankingnews.com)
- Choice Hotels Teams Up with the American Red Cross and Boys and Girls Clubs of America for Natural Disaster Recovery Efforts (newkerala.com)
- Motel 6 Just Left the Light on for ICE (bloomberg.com)
- Patrick Pacious Takes The Reins As Choice Hotels President And CEO (hotelinteractive.com)
CHH has been the subject of several research analyst reports. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. 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. Deutsche Bank AG reduced 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. Finally, Barclays PLC reissued an “underweight” rating and set a $60.00 price target (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Choice Hotels International presently has a consensus rating of “Hold” and an average target price of $62.57.
Shares of Choice Hotels International (NYSE CHH) opened at 61.45 on Friday. The company’s 50 day moving average price is $61.55 and its 200 day moving average price is $63.18. Choice Hotels International has a 52-week low of $43.70 and a 52-week high of $67.80. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 22.70 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The company had revenue of $276.80 million for the quarter, compared to analyst estimates of $254.68 million. During the same quarter last year, the firm earned $0.71 EPS. Choice Hotels International’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts forecast that Choice Hotels International will post $2.85 earnings per share for the current year.
In other news, insider David A. Pepper sold 1,071 shares of Choice Hotels International stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $61.09, for a total transaction of $65,427.39. Following the sale, the insider now owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bruce Bainum sold 7,977 shares of Choice Hotels International stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $62.15, for a total value of $495,770.55. The disclosure for this sale can be found here. Insiders have sold a total of 101,460 shares of company stock worth $6,337,153 in the last three months. 22.01% of the stock is owned by insiders.
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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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