Choice Hotels International Given Consensus Rating of “Hold” by Analysts (NYSE:CHH)
Shares of Choice Hotels International (NYSE:CHH) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $44.88.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Choice Hotels International in a research note on Wednesday, July 9th. They now have a $48.00 price target on the stock, up previously from $44.00. Analysts at Nomura raised their price target on shares of Choice Hotels International from $45.00 to $49.00 in a research note on Friday, May 30th.
Choice Hotels International (NYSE:CHH) opened at 46.98 on Friday. 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 $47.94 and its 200-day moving average is $46.70. The company has a market cap of $2.719 billion and a price-to-earnings ratio of 23.65.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The company had revenue of $197.66 million for the quarter, compared to the consensus estimate of $193.28 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Choice Hotels International will post $1.92 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.