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Equities research analysts at JPMorgan Chase & Co. hoisted their target price on shares of Choice Hotels International (NYSE:CHH) from $36.00 to $39.00 in a research note issued to investors on Friday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 18.32% from the stock’s previous close.

Choice Hotels International (NYSE:CHH) opened at 47.75 on Friday. Choice Hotels International has a one year low of $37.94 and a one year high of $50.37. The stock has a 50-day moving average of $47.98 and a 200-day moving average of $46.70. The company has a market cap of $2.764 billion and a price-to-earnings ratio of 23.65.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Choice Hotels International will post $1.92 earnings per share for the current fiscal year.

Several other analysts have also 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. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $44.22.

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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