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Choice Hotels International (NYSE:CHH) hit a new 52-week high during trading on Friday , StockRatingsNetwork reports. The stock traded as high as $50.58 and last traded at $50.15, with a volume of 28,606 shares. The stock had previously closed at $50.23.

Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Choice Hotels International from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Separately, 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, August 8th. They now have an “underweight” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Choice Hotels International has an average rating of “Hold” and a consensus target price of $44.22.

The stock’s 50-day moving average is $48.3 and its 200-day moving average is $46.71. The company has a market cap of $2.910 billion and a P/E ratio of 24.77.

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. Analysts expect that Choice Hotels International will post $1.95 EPS for the current fiscal year.

In other Choice Hotels International news, CEO Stephen P. Joyce sold 44,463 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $48.90, for a total value of $2,174,240.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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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