Brokerages Set Choice Hotels International Inc. (NYSE:CHH) Target Price at $47.17
Shares of Choice Hotels International Inc. (NYSE:CHH) have received an average rating of “Hold” from the eleven research firms that are presently covering the stock. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $47.17.
CHH has been the subject of a number of recent analyst reports. Bank of America Corp. reiterated a “buy” rating on shares of Choice Hotels International in a report on Monday, July 18th. Wolfe Research started coverage on Choice Hotels International in a research note on Wednesday, July 6th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $43.00 target price for the company. in a research note on Wednesday, June 1st. Morgan Stanley restated a “sell” rating and issued a $48.00 target price on shares of Choice Hotels International in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research downgraded Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.
In other Choice Hotels International news, insider Patrick Cimerola sold 13,515 shares of Choice Hotels International stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $48.21, for a total transaction of $651,558.15. Following the completion of the transaction, the insider now owns 50,882 shares in the company, valued at approximately $2,453,021.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Patrick Pacious sold 4,745 shares of Choice Hotels International stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $48.73, for a total value of $231,223.85. Following the transaction, the chief operating officer now owns 113,062 shares of the company’s stock, valued at approximately $5,509,511.26. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CHH. Fuller & Thaler Asset Management Inc. bought a new position in Choice Hotels International during the second quarter worth about $119,000. Legal & General Group Plc boosted its position in Choice Hotels International by 3.9% in the first quarter. Legal & General Group Plc now owns 2,391 shares of the company’s stock valued at $129,000 after buying an additional 90 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Choice Hotels International by 1.2% in the second quarter. Glenmede Trust Co. NA now owns 3,440 shares of the company’s stock valued at $162,000 after buying an additional 40 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Choice Hotels International during the second quarter valued at approximately $218,000. Finally, BlackRock Inc. boosted its position in Choice Hotels International by 323.4% in the first quarter. BlackRock Inc. now owns 4,331 shares of the company’s stock valued at $234,000 after buying an additional 3,308 shares in the last quarter. Institutional investors and hedge funds own 49.89% of the company’s stock.
Shares of Choice Hotels International (NYSE:CHH) opened at 46.44 on Wednesday. Choice Hotels International has a 12-month low of $40.78 and a 12-month high of $54.66. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 20.27 and a beta of 1.10. The company’s 50-day moving average price is $48.77 and its 200 day moving average price is $49.10.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Choice Hotels International had a negative return on equity of 33.53% and a net margin of 14.32%. The firm earned $241.80 million during the quarter, compared to the consensus estimate of $244.21 million. During the same period last year, the business posted $0.62 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. Equities analysts predict that Choice Hotels International will post $2.41 earnings per share for the current year.
Choice Hotels International Company Profile
Choice Hotels International, Inc (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States.
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