Choice Hotels International’s (CHH) Underweight Rating Reiterated at Barclays PLC
Choice Hotels International, Inc. (NYSE:CHH)‘s stock had its “underweight” rating reiterated by Barclays PLC in a report issued on Friday. They presently have a $60.00 price target on the stock, down from their prior price target of $61.00. Barclays PLC’s target price would suggest a potential downside of 1.56% from the stock’s current price.
CHH has been the subject of a number of other reports. Zacks Investment Research downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, April 14th. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Telsey Advisory Group upped their target price on Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. Morgan Stanley downgraded Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research report on Friday, May 5th. They noted that the move was a valuation call. Finally, Deutsche Bank AG cut their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $62.57.
Choice Hotels International (NYSE:CHH) traded down 0.25% on Friday, reaching $60.80. The company’s stock had a trading volume of 101,246 shares. The company has a 50-day moving average price of $64.51 and a 200 day moving average price of $62.35. Choice Hotels International has a 12 month low of $43.70 and a 12 month high of $67.80. The company has a market cap of $3.42 billion, a P/E ratio of 22.47 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $276.80 million during the quarter, compared to the consensus estimate of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. On average, equities research analysts anticipate that Choice Hotels International will post $2.85 EPS for the current fiscal year.
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In other news, CEO Stephen P. Joyce sold 44,116 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the completion of the transaction, the chief executive officer now owns 201,922 shares of the company’s stock, valued at approximately $12,696,855.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total value of $1,072,852.48. Following the transaction, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. Corporate insiders own 22.01% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Utah Retirement Systems boosted its position in Choice Hotels International by 1.7% in the second quarter. Utah Retirement Systems now owns 6,112 shares of the company’s stock worth $393,000 after buying an additional 100 shares during the period. Huntington National Bank boosted its position in Choice Hotels International by 4.7% in the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock worth $174,000 after buying an additional 121 shares during the period. Legal & General Group Plc boosted its position in Choice Hotels International by 1.1% in the second quarter. Legal & General Group Plc now owns 12,168 shares of the company’s stock worth $782,000 after buying an additional 136 shares during the period. Principal Financial Group Inc. boosted its position in Choice Hotels International by 0.7% in the first quarter. Principal Financial Group Inc. now owns 21,196 shares of the company’s stock worth $1,327,000 after buying an additional 143 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after buying an additional 157 shares during the period. 49.70% of the stock is owned by institutional investors.
Choice Hotels International Company Profile
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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