Choice Hotels International Inc (NYSE:CHH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $76.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 11.27% from the stock’s current price.

According to Zacks, “Choice Hotels Int’l. is one of the largest hotel franchise companies in the world with hotels, inns, all-suite hotels and resorts open and under development in countries across the globe under the brand names Comfort, Quality, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites. “

A number of other equities research analysts also recently issued reports on CHH. BidaskClub raised Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Deutsche Bank AG lowered their price target 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. Finally, Barclays PLC reissued an “underweight” rating and set a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $63.14.

Choice Hotels International (NYSE CHH) traded up 1.04% during trading on Tuesday, hitting $68.30. The stock had a trading volume of 271,489 shares. Choice Hotels International has a one year low of $44.10 and a one year high of $68.40. The stock’s 50-day moving average is $63.04 and its 200 day moving average is $63.49. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 25.23 and a beta of 1.12.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The business had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. During the same period in the prior year, the firm earned $0.71 EPS. Choice Hotels International’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts anticipate that Choice Hotels International will post $2.85 earnings per share for the current year.

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In other Choice Hotels International news, major shareholder Bruce Bainum sold 20,770 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $62.00, for a total transaction of $1,287,740.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Pepper sold 10,217 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $61.07, for a total value of $623,952.19. Following the transaction, the insider now owns 79,010 shares in the company, valued at approximately $4,825,140.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,320 shares of company stock valued at $2,490,287. 22.01% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CHH. BlackRock Inc. lifted its stake in shares of Choice Hotels International by 2,026.0% during the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after purchasing an additional 2,233,299 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Choice Hotels International by 159.2% during the first quarter. Renaissance Technologies LLC now owns 521,800 shares of the company’s stock worth $32,665,000 after purchasing an additional 320,500 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Choice Hotels International by 61.9% during the first quarter. Macquarie Group Ltd. now owns 788,863 shares of the company’s stock worth $49,383,000 after purchasing an additional 301,656 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Choice Hotels International by 409.0% during the first quarter. Teachers Advisors LLC now owns 314,681 shares of the company’s stock worth $19,699,000 after purchasing an additional 252,857 shares in the last quarter. Finally, Federated Investors Inc. PA acquired a new position in shares of Choice Hotels International during the second quarter worth about $14,852,000. Institutional investors own 50.26% of the company’s stock.

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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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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