Choice Hotels International Rating Increased to Equal Weight at Barclays (CHH)
Choice Hotels International (NYSE:CHH) was upgraded by stock analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $47.00 price objective on the stock. Barclays’ price target would suggest a potential upside of 6.46% from the stock’s previous close.
A number of other firms have also recently commented on CHH. Analysts at TheStreet downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Analysts at FBR Capital Markets raised their price target on shares of Choice Hotels International from $40.00 to $44.00 in a research note on Wednesday, February 19th. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.90.
Shares of Choice Hotels International (NYSE:CHH) traded down 0.48% on Tuesday, hitting $43.94. The stock had a trading volume of 32,320 shares. Choice Hotels International has a 52-week low of $37.94 and a 52-week high of $50.37. The stock’s 50-day moving average is $45.87 and its 200-day moving average is $46.82. The company has a market cap of $2.552 billion and a price-to-earnings ratio of 23.10.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.29. The company had revenue of $147.30 million for the quarter, compared to the consensus estimate of $143.55 million. During the same quarter last year, the company posted $0.26 earnings per share. Choice Hotels International’s revenue was up 7.6% compared to the same quarter last year. Analysts expect that Choice Hotels International will post $1.90 EPS for the current fiscal year.
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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