Shares of Choice Hotels International Inc (NYSE:CHH) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $82.54.
CHH has been the topic of several recent research reports. BofA Securities cut Choice Hotels International from a “neutral” rating to an “underperform” rating and set a $95.00 target price on the stock. in a research report on Tuesday. Longbow Research cut Choice Hotels International from a “buy” rating to a “neutral” rating in a research report on Monday, September 28th. Barclays increased their target price on Choice Hotels International from $82.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday. Wells Fargo & Company reaffirmed a “buy” rating and set a $104.00 target price (up previously from $95.00) on shares of Choice Hotels International in a research report on Friday, August 21st. Finally, Morgan Stanley increased their price objective on Choice Hotels International from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, August 11th.
NYSE:CHH traded up $0.29 during midday trading on Monday, hitting $87.71. The stock had a trading volume of 218,081 shares, compared to its average volume of 379,491. Choice Hotels International has a one year low of $46.25 and a one year high of $109.26. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 27.49 and a beta of 1.50. The stock has a 50-day moving average of $94.78 and a 200 day moving average of $81.39.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.19). The company had revenue of $151.70 million for the quarter, compared to the consensus estimate of $169.68 million. Choice Hotels International had a net margin of 18.07% and a negative return on equity of 426.09%. The firm’s revenue was down 52.2% compared to the same quarter last year. During the same period last year, the business posted $1.19 EPS. As a group, research analysts predict that Choice Hotels International will post 2.24 EPS for the current year.
In related news, insider David A. Pepper sold 25,895 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $94.93, for a total value of $2,458,212.35. Following the completion of the transaction, the insider now owns 116,974 shares in the company, valued at approximately $11,104,341.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 21.73% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC raised its stake in Choice Hotels International by 21.8% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 6,698 shares of the company’s stock worth $529,000 after acquiring an additional 1,198 shares during the last quarter. FinTrust Capital Advisors LLC grew its position in Choice Hotels International by 77.8% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 960 shares of the company’s stock worth $76,000 after purchasing an additional 420 shares during the period. Principal Financial Group Inc. grew its position in Choice Hotels International by 720.8% during the 2nd quarter. Principal Financial Group Inc. now owns 816,145 shares of the company’s stock worth $64,393,000 after purchasing an additional 716,715 shares during the period. Handelsbanken Fonder AB acquired a new stake in Choice Hotels International during the 2nd quarter worth about $556,000. Finally, FMR LLC grew its position in Choice Hotels International by 36.1% during the 2nd quarter. FMR LLC now owns 46,950 shares of the company’s stock worth $3,704,000 after purchasing an additional 12,445 shares during the period. Institutional investors own 58.72% of the company’s stock.
Choice Hotels International Company Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.
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