Choice Hotels International, Inc. (NYSE:CHH) has been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $65.00.
CHH has been the subject of several recent research reports. Barclays PLC restated an “underweight” rating and set a $60.00 target price (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Deutsche Bank AG dropped their price target on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $71.00 target price on shares of Choice Hotels International in a report on Friday, November 10th.
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Choice Hotels International (NYSE CHH) traded up $1.55 on Monday, hitting $75.60. 142,677 shares of the stock traded hands, compared to its average volume of 201,115. The company has a debt-to-equity ratio of -3.99, a current ratio of 1.67 and a quick ratio of 1.67. Choice Hotels International has a 1 year low of $49.95 and a 1 year high of $76.41. The stock has a market capitalization of $4,250.00, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.06 and a beta of 1.13.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.03. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. The firm had revenue of $295.09 million during the quarter, compared to analysts’ expectations of $288.50 million. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. equities analysts predict that Choice Hotels International will post 2.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, September 29th. Choice Hotels International’s payout ratio is 31.85%.
In related news, insider David A. Pepper sold 10,217 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $61.07, for a total value of $623,952.19. Following the completion of the transaction, the insider now directly owns 79,010 shares of the company’s stock, valued at approximately $4,825,140.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Pepper sold 1,071 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $61.09, for a total transaction of $65,427.39. Following the completion of the transaction, the insider now directly owns 69,864 shares of the company’s stock, valued at $4,267,991.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,320 shares of company stock worth $21,002,787. 22.01% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Choice Hotels International by 10.8% during the 2nd 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 grew its stake in shares of Choice Hotels International by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after purchasing an additional 106 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Choice Hotels International during the 2nd quarter worth approximately $108,000. Huntington National Bank grew its stake in shares of Choice Hotels International by 4.7% during the 2nd quarter. Huntington National Bank now owns 2,709 shares of the company’s stock worth $174,000 after purchasing an additional 121 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Choice Hotels International during the 3rd quarter worth approximately $192,000. 50.22% of the stock is 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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