Choice Hotels International (CHH) Posts Quarterly Results
Choice Hotels International (NYSE:CHH) issued its quarterly earnings data on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46, AnalystRatings.Net reports. The company had revenue of $180.70 million for the quarter, compared to the consensus estimate of $186.39 million.
A number of analysts have recently weighed in on CHH shares. Analysts at Barclays raised their price target on shares of Choice Hotels International from $41.00 to $46.00 in a research note on Tuesday, January 21st. They now have an “underweight” rating on the stock. Analysts at MKM Partners raised their price target on shares of Choice Hotels International from $39.00 to $44.00 in a research note on Wednesday, December 18th. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.40.
Shares of Choice Hotels International (NYSE:CHH) opened at 48.50 on Tuesday. Choice Hotels International has a 52-week low of $36.19 and a 52-week high of $50.37. The stock has a 50-day moving average of $48.57 and a 200-day moving average of $44.79. The company has a market cap of $2.813 billion and a P/E ratio of 25.80.
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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