Choice Hotels International Rating Reiterated by Barclays (CHH)
Choice Hotels International (NYSE:CHH)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Monday. They currently have a $49.00 price objective on the stock, up from their previous price objective of $47.00. Barclays’ price objective would suggest a potential downside of 2.51% from the stock’s previous close.
Choice Hotels International (NYSE:CHH) traded up 0.68% on Monday, hitting $50.60. The stock had a trading volume of 25,751 shares. Choice Hotels International has a 52-week low of $37.94 and a 52-week high of $50.58. The stock has a 50-day moving average of $48.41 and a 200-day moving average of $46.73. The company has a market cap of $2.930 billion and a P/E ratio of 24.78.
Choice Hotels International (NYSE:CHH) last announced its 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. On average, analysts predict that Choice Hotels International will post $1.95 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CHH. 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, August 12th. 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 research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Choice Hotels International presently has an average rating of “Hold” and a consensus price target of $44.44.
In other Choice Hotels International news, CEO Stephen P. Joyce unloaded 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 transaction of $2,174,240.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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