Choice Hotels International Receives Average Rating of “Hold” from Analysts (NYSE:CHH)
Shares of Choice Hotels International (NYSE:CHH) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, Analyst Ratings News reports. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $44.22.
Shares of Choice Hotels International (NYSE:CHH) opened at 48.60 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 $48.08 and a 200-day moving average of $46.6. The company has a market cap of $2.813 billion and a price-to-earnings ratio of 24.26.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.48 earnings per share. Choice Hotels International’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Choice Hotels International will post $1.93 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Choice Hotels International from $36.00 to $39.00 in a research note on Friday. They now have an “underweight” rating on the stock. Separately, 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. Finally, 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, 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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