Choice Hotels International Inc. Reaches New 12-Month High at $50.37 (CHH)
Choice Hotels International (NYSE:CHH)’s share price reached a new 52-week high during trading on Wednesday, Analyst Ratings Network reports. The stock traded as high as $50.37 and last traded at $50.31, with a volume of 48,891 shares traded. The stock had previously closed at $49.35.
A number of analysts have recently weighed in on CHH shares. Analysts at MKM Partners raised their price target on shares of Choice Hotels International from $39.00 to $44.00 in a research note to investors on Wednesday, December 18th. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse reiterated a “hold” rating on shares of Choice Hotels International in a research note to investors on Sunday, November 3rd. They now have a $43.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Choice Hotels International from $37.00 to $41.00 in a research note to investors on Thursday, October 31st. They now have an “underweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $41.55.
Choice Hotels International has a 52-week low of $34.92 and a 52-week high of $50.37. The stock has a 50-day moving average of $48.22 and a 200-day moving average of $43.92. The company has a market cap of $2.906 billion and a price-to-earnings ratio of 26.42.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, October 24th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.76 earnings per share. Choice Hotels International’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Choice Hotels International will post $1.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, December 31st.
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.
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