Choice Hotels International, Inc. (NYSE:CHH) Receives Average Recommendation of “Hold” from Brokerages
Shares of Choice Hotels International, Inc. (NYSE:CHH) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $61.40.
A number of research firms recently weighed in on CHH. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, July 5th. Morgan Stanley lowered shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research report on Friday, May 5th. They noted that the move was a valuation call. Finally, Telsey Advisory Group lifted their price objective on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th.
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Several institutional investors have recently bought and sold shares of CHH. 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 valued at $146,706,000 after buying an additional 2,233,299 shares during the last quarter. Victory Capital Management Inc. increased its position in Choice Hotels International by 32,123.6% in the first quarter. Victory Capital Management Inc. now owns 817,514 shares of the company’s stock valued at $51,176,000 after buying an additional 814,977 shares during the last quarter. Capital Growth Management LP acquired a new position in Choice Hotels International during the first quarter valued at $40,064,000. Macquarie Group Ltd. acquired a new position in Choice Hotels International during the fourth quarter valued at $27,308,000. Finally, Renaissance Technologies LLC increased its position in Choice Hotels International by 159.2% in the first quarter. Renaissance Technologies LLC now owns 521,800 shares of the company’s stock valued at $32,665,000 after buying an additional 320,500 shares during the last quarter. Hedge funds and other institutional investors own 49.80% of the company’s stock.
Choice Hotels International (NYSE:CHH) remained flat at $62.65 on Tuesday. The stock had a trading volume of 125,468 shares. Choice Hotels International has a 12 month low of $43.70 and a 12 month high of $67.80. The firm’s 50 day moving average price is $64.95 and its 200 day moving average price is $60.91. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 24.05 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Choice Hotels International had a net margin of 16.05% and a negative return on equity of 45.12%. The company had revenue of $197.89 million for the quarter, compared to analyst estimates of $216.24 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. On average, equities research analysts expect that Choice Hotels International will post $2.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, June 29th. Choice Hotels International’s dividend payout ratio is 33.20%.
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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