Choice Hotels International, Inc. (CHH) Price Target Raised to $67.00
Choice Hotels International, Inc. (NYSE:CHH) had its price objective raised by equities research analysts at Barclays PLC from $60.00 to $67.00 in a report issued on Tuesday. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s price target would suggest a potential downside of 9.21% from the stock’s previous close.
Several other research firms have also weighed in on CHH. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, October 17th. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG lowered their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.14.
Shares of Choice Hotels International (NYSE CHH) traded up $4.00 during midday trading on Tuesday, hitting $73.80. 350,021 shares of the stock were exchanged, compared to its average volume of 204,466. The firm has a market cap of $3,943.47, a P/E ratio of 25.85, a P/E/G ratio of 2.97 and a beta of 1.13. Choice Hotels International has a 1 year low of $47.95 and a 1 year high of $74.40. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of -3.42.
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. The company had revenue of $295.09 million during the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. Choice Hotels International’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. sell-side analysts expect that Choice Hotels International will post 2.85 earnings per share for the current year.
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In other Choice Hotels International news, insider David A. Pepper sold 1,071 shares of the business’s stock in a transaction 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 sale, the insider now owns 69,864 shares in the company, valued at approximately $4,267,991.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruce Bainum sold 7,977 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $62.15, for a total transaction of $495,770.55. The disclosure for this sale can be found here. Insiders have sold a total of 40,320 shares of company stock valued at $2,490,287 in the last 90 days. 22.01% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in CHH. BlackRock Inc. increased its stake in Choice Hotels International by 2,026.0% during the 1st quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock valued at $146,706,000 after purchasing an additional 2,233,299 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Choice Hotels International by 409.0% in the 1st quarter. Teachers Advisors LLC now owns 314,681 shares of the company’s stock worth $19,699,000 after acquiring an additional 252,857 shares in the last quarter. Federated Investors Inc. PA bought a new stake in shares of Choice Hotels International in the 2nd quarter worth $14,852,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Choice Hotels International by 102.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 442,957 shares of the company’s stock worth $28,460,000 after acquiring an additional 223,911 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Choice Hotels International by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after acquiring an additional 197,890 shares in the last quarter. Institutional investors and hedge funds own 50.46% of the company’s stock.
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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