Choice Hotels International, Inc. (NYSE:CHH) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $61.00.
Several research firms recently weighed in on CHH. BidaskClub upgraded Choice Hotels International from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Barclays PLC reiterated an “underweight” rating and issued a $60.00 target price (down previously from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. Deutsche Bank AG reduced their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Finally, Morgan Stanley lowered Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research note on Friday, May 5th. They noted that the move was a valuation call.
Shares of Choice Hotels International (NYSE CHH) traded down 0.08% on Wednesday, hitting $62.00. 109,055 shares of the company traded hands. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 22.90 and a beta of 1.12. The firm’s 50 day moving average price is $62.44 and its 200-day moving average price is $63.13. Choice Hotels International has a 1-year low of $43.70 and a 1-year high of $67.80.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating 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 in the prior year, the firm posted $0.71 EPS. Choice Hotels International’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts expect that Choice Hotels International will post $2.85 earnings per share for the current year.
In other news, CEO Stephen P. Joyce sold 44,116 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the transaction, the chief executive officer now owns 201,922 shares in the company, valued at $12,696,855.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen P. Joyce sold 17,024 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 176,943 shares in the company, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,713 shares of company stock worth $4,553,643. Insiders own 22.01% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased 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 during the last quarter. The Manufacturers Life Insurance Company increased 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 during the last quarter. Quantbot Technologies LP bought a new stake in shares of Choice Hotels International during the second quarter worth $108,000. KBC Group NV bought a new stake in shares of Choice Hotels International during the first quarter worth $120,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Choice Hotels International during the first quarter worth $130,000. 50.27% of the stock is currently owned by institutional investors.
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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