Share on StockTwits

Choice Hotels International (NYSE:CHH) hit a new 52-week high during mid-day trading on Monday , American Banking & Market News reports. The company traded as high as $52.78 and last traded at $52.57, with a volume of 34,453 shares. The stock had previously closed at $52.52.

A number of research firms have recently commented on CHH. Analysts at Barclays reiterated an “equal weight” rating on shares of Choice Hotels International in a research note on Monday, August 18th. They now have a $49.00 price target on the stock, up previously from $47.00. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.44.

The stock’s 50-day moving average is $49.00 and its 200-day moving average is $46.86. The company has a market cap of $3.055 billion and a price-to-earnings ratio of 25.90.

Choice Hotels International (NYSE:CHH) last released its earnings data 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. On average, analysts predict that Choice Hotels International will post $1.95 earnings per share for the current fiscal year.

In other Choice Hotels International news, CEO Stephen P. Joyce unloaded 11,659 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $50.69, for a total transaction of $590,994.71. The sale was disclosed in a legal filing with the SEC, 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.

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.