Somewhat Positive Media Coverage Somewhat Unlikely to Impact Choice Hotels International (CHH) Share Price
Press coverage about Choice Hotels International (NYSE:CHH) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Choice Hotels International earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.9579508137119 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Choice Hotels to develop new Cambria hotel in Burbank (eturbonews.com)
- The Cambria Hotel Burbank to Open 2019 in California (hotelnewsresource.com)
- Choice Hotels International : to Develop New Cambria Hotel in Burbank, Calif. (4-traders.com)
- Choice Hotels to Develop New Cambria Hotel in Burbank, Calif. (finance.yahoo.com)
- Zacks: Analysts Expect Choice Hotels International, Inc. (CHH) Will Announce Earnings of $0.92 Per Share (americanbankingnews.com)
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Barclays PLC reiterated an “underweight” rating and issued a $60.00 price target (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Deutsche Bank AG decreased their price target on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Finally, Morgan Stanley downgraded shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research report on Friday, May 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Choice Hotels International has a consensus rating of “Hold” and an average price target of $62.57.
Choice Hotels International (NYSE:CHH) opened at 60.65 on Tuesday. The firm has a 50-day moving average of $62.71 and a 200 day moving average of $62.97. The company has a market capitalization of $3.40 billion, a P/E ratio of 22.40 and a beta of 1.11. Choice Hotels International has a 52-week low of $43.70 and a 52-week high of $67.80.
Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $254.68 million. During the same quarter last year, the company earned $0.71 earnings per share. Choice Hotels International’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts predict that Choice Hotels International will post $2.85 earnings per share for the current fiscal year.
In other Choice Hotels International news, CEO Stephen P. Joyce sold 17,024 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total value of $1,072,852.48. Following the completion of the sale, the chief executive officer now owns 176,943 shares of the company’s stock, valued at $11,150,947.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David A. Pepper sold 1,071 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $61.09, for a total value of $65,427.39. Following the completion of the sale, the insider now directly owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The disclosure for this sale can be found here. In the last three months, insiders sold 62,211 shares of company stock valued at $3,912,294. 22.01% of the stock is owned by corporate insiders.
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Choice Hotels International Company Profile
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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