Choice Hotels International Inc (CHH) Given Consensus Recommendation of “Hold” by Brokerages
Choice Hotels International Inc (NYSE:CHH) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $58.00.
CHH has been the subject of a number of recent research reports. Barclays PLC reiterated a “sell” rating and issued a $54.00 target price on shares of Choice Hotels International in a research note on Tuesday, February 14th. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, April 14th. Telsey Advisory Group raised their price objective on Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Friday, May 5th. Finally, Morgan Stanley lowered Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a research note on Friday, May 5th. They noted that the move was a valuation call.
In other Choice Hotels International news, insider Simone Wu sold 13,223 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $61.33, for a total transaction of $810,966.59. Following the completion of the sale, the insider now owns 33,007 shares in the company, valued at approximately $2,024,319.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 22.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHH. Wellington Management Group LLP increased its position in Choice Hotels International by 5.2% in the first quarter. Wellington Management Group LLP now owns 2,675,223 shares of the company’s stock worth $167,469,000 after buying an additional 133,342 shares in the last quarter. Vanguard Group Inc. increased its position in Choice Hotels International by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock worth $163,158,000 after buying an additional 108,427 shares in the last quarter. BlackRock Inc. increased its position in Choice Hotels International by 2,026.0% in the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after buying an additional 2,233,299 shares in the last quarter. Echo Street Capital Management LLC increased its position in Choice Hotels International by 51.8% in the third quarter. Echo Street Capital Management LLC now owns 1,325,207 shares of the company’s stock worth $59,740,000 after buying an additional 452,141 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Choice Hotels International by 33.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,134,178 shares of the company’s stock worth $51,129,000 after buying an additional 282,948 shares in the last quarter. 49.27% of the stock is currently owned by institutional investors.
Choice Hotels International (NYSE:CHH) traded up 0.76% during trading on Monday, reaching $64.80. The company’s stock had a trading volume of 46,909 shares. The company has a market capitalization of $3.63 billion, a P/E ratio of 24.88 and a beta of 1.05. Choice Hotels International has a 1-year low of $43.61 and a 1-year high of $66.75. The company’s 50-day moving average is $63.05 and its 200-day moving average is $57.96.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Choice Hotels International had a negative return on equity of 36.59% and a net margin of 14.58%. The business had revenue of $197.89 million during the quarter, compared to analyst estimates of $216.24 million. During the same quarter last year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts anticipate that Choice Hotels International will post $2.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.34%. Choice Hotels International’s dividend payout ratio (DPR) is presently 36.13%.
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About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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