Choice Hotels International, Inc. (NYSE:CHH) Receives Consensus Recommendation of “Reduce” from Brokerages

Choice Hotels International, Inc. (NYSE:CHH) has been assigned a consensus recommendation of “Reduce” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $126.7692.

CHH has been the topic of several recent analyst reports. Bank of America downgraded Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price objective on the stock. in a report on Monday, September 29th. UBS Group cut their price objective on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Robert W. Baird cut their price objective on Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Choice Hotels International in a report on Thursday. Finally, Barclays dropped their target price on Choice Hotels International from $117.00 to $101.00 and set an “underweight” rating on the stock in a report on Friday, October 3rd.

Choice Hotels International Trading Up 0.5%

NYSE CHH opened at $93.03 on Wednesday. The stock’s 50-day moving average price is $107.23 and its two-hundred day moving average price is $120.15. The company has a market cap of $4.30 billion, a PE ratio of 14.31, a PEG ratio of 6.60 and a beta of 0.83. Choice Hotels International has a 1 year low of $90.97 and a 1 year high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.02. The firm had revenue of $426.44 million for the quarter, compared to the consensus estimate of $430.13 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 EPS. Research analysts forecast that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 1st were issued a $0.2875 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.2%. Choice Hotels International’s dividend payout ratio is currently 17.69%.

Hedge Funds Weigh In On Choice Hotels International

A number of large investors have recently made changes to their positions in CHH. Kilter Group LLC acquired a new position in shares of Choice Hotels International in the 2nd quarter valued at about $25,000. HM Payson & Co. acquired a new position in shares of Choice Hotels International in the 1st quarter valued at about $35,000. Signaturefd LLC increased its holdings in shares of Choice Hotels International by 64.7% in the 1st quarter. Signaturefd LLC now owns 275 shares of the company’s stock valued at $37,000 after purchasing an additional 108 shares during the period. Whittier Trust Co. increased its holdings in shares of Choice Hotels International by 138.5% in the 2nd quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $37,000 after purchasing an additional 169 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in shares of Choice Hotels International in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.