Choice Hotels International Downgraded by Robert W. Baird to “Underperform” (CHH)
Choice Hotels International (NYSE:CHH) was downgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $41.00 price objective on the stock. Robert W. Baird’s price target points to a potential downside of 12.21% from the company’s current price. The analysts noted that the move was a valuation call.
Shares of Choice Hotels International (NYSE:CHH) traded down 0.17% during mid-day trading on Monday, hitting $46.70. 306,923 shares of the company’s stock traded hands. Choice Hotels International has a 1-year low of $30.40 and a 1-year high of $45.96. The stock has a 50-day moving average of $40.64 and a 200-day moving average of $40.91. The company has a market cap of $2.730 billion and a P/E ratio of 25.03.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.03. The company had revenue of $223.20 million for the quarter, compared to the consensus estimate of $220.05 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Choice Hotels International will post $1.89 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Choice Hotels International from $39.00 to $43.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at TheStreet upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. Finally, analysts at Wells Fargo & Co. downgraded shares of Choice Hotels International from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, July 30th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.63.
Choice Hotels International, Inc(NYSE:CHH) is one of the hotel franchisors with 6,243 hotels open and 482 hotels under construction, awaiting conversion or approved for development as of December 31, 2012 representing 499,253 rooms open and 38,969 rooms under construction, awaiting conversion or approved for development in 49 states, the District of Columbia and over 35 countries and territories outside the United States.