Shares of Choice Hotels International Inc (NYSE:CHH) have earned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $75.11.
CHH has been the subject of a number of recent research reports. SunTrust Banks increased their price target on shares of Choice Hotels International to $82.00 and gave the stock a “hold” rating in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating and set a $81.00 price target (down previously from $83.00) on shares of Choice Hotels International in a research note on Wednesday. Zacks Investment Research cut shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Wells Fargo & Co reiterated a “market perform” rating and set a $88.00 price target (up previously from $86.00) on shares of Choice Hotels International in a research note on Wednesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $72.00 price objective (down previously from $73.00) on shares of Choice Hotels International in a research report on Wednesday.
Shares of Choice Hotels International (NYSE CHH) traded up $1.20 during trading hours on Wednesday, reaching $81.55. 362,511 shares of the company were exchanged, compared to its average volume of 226,498. The firm has a market cap of $4,620.00, a PE ratio of 40.37, a P/E/G ratio of 2.27 and a beta of 1.16. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. Choice Hotels International has a 12-month low of $59.60 and a 12-month high of $82.85.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. The firm had revenue of $237.57 million during the quarter, compared to analysts’ expectations of $227.65 million. Choice Hotels International had a net margin of 11.40% and a negative return on equity of 65.89%. Choice Hotels International’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. analysts anticipate that Choice Hotels International will post 3.64 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Bamco Inc. NY raised its position in Choice Hotels International by 0.4% during the 4th quarter. Bamco Inc. NY now owns 4,832,906 shares of the company’s stock worth $375,034,000 after buying an additional 18,500 shares during the last quarter. Renaissance Technologies LLC raised its position in Choice Hotels International by 41.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,187,600 shares of the company’s stock worth $92,158,000 after buying an additional 348,800 shares during the last quarter. Victory Capital Management Inc. raised its position in Choice Hotels International by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock worth $73,386,000 after buying an additional 162,255 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Choice Hotels International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 946,179 shares of the company’s stock worth $60,461,000 after buying an additional 20,667 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Choice Hotels International by 7.3% during the 3rd quarter. Macquarie Group Ltd. now owns 879,613 shares of the company’s stock worth $56,207,000 after buying an additional 60,156 shares during the last quarter. Institutional investors own 51.21% of the company’s stock.
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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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