Zacks: CorePoint Lodging Inc (NYSE:CPLG) Receives Average Rating of “Strong Sell” from Brokerages
Shares of CorePoint Lodging Inc (NYSE:CPLG) have been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating. CorePoint Lodging’s rating score has declined by 66.7% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $11.00 for the company and are predicting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given CorePoint Lodging an industry rank of 148 out of 256 based on the ratings given to related companies.
Several analysts recently commented on CPLG shares. ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday. TheStreet raised Voya Financial from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. started coverage on Pinduoduo in a research note on Tuesday. They set an “underweight” rating and a $20.48 price objective on the stock.
Shares of CPLG stock traded up $0.06 during trading hours on Friday, reaching $12.06. The company had a trading volume of 8,275 shares, compared to its average volume of 333,010. The firm’s 50 day simple moving average is $12.65. The firm has a market capitalization of $715.16 million and a price-to-earnings ratio of 5.84. CorePoint Lodging has a 1-year low of $10.16 and a 1-year high of $26.57.
CorePoint Lodging (NYSE:CPLG) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). The business had revenue of $208.00 million for the quarter, compared to analyst estimates of $202.35 million. CorePoint Lodging had a negative return on equity of 7.22% and a negative net margin of 31.35%. As a group, equities analysts expect that CorePoint Lodging will post 1.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 6.63%. The ex-dividend date is Thursday, June 27th. CorePoint Lodging’s payout ratio is presently 38.83%.
CorePoint Lodging Company Profile
CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.
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