Choice Hotels International Price Target Increased to $49.00 by Analysts at Nomura (CHH)
Research analysts at Nomura raised their price objective on shares of Choice Hotels International (NYSE:CHH) from $45.00 to $49.00 in a report released on Friday. Nomura’s price objective points to a potential upside of 9.38% from the company’s current price.
Choice Hotels International (NYSE:CHH) traded up 0.54% during mid-day trading on Friday, hitting $45.04. 143,157 shares of the company’s stock traded hands. 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 $44.36 and its 200-day moving average is $46.85. The company has a market cap of $2.607 billion and a P/E ratio of 22.76.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results 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. On average, analysts predict that Choice Hotels International will post $1.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, June 27th.
CHH has been the subject of a number of other recent research reports. Analysts at Barclays upgraded shares of Choice Hotels International from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. They now have a $47.00 price target on the stock, up previously from $44.00. 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. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.11.
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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