Choice Hotels International, Inc. (CHH) Receives Average Rating of “Hold” from Analysts
Choice Hotels International, Inc. (NYSE:CHH) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $66.71.
A number of research analysts recently weighed in on CHH shares. BidaskClub lowered Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Tuesday, October 17th. TheStreet raised Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Barclays upped their price objective on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a report on Tuesday, November 7th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $71.00 price objective on shares of Choice Hotels International in a report on Friday, November 10th.
In other Choice Hotels International news, major shareholder Bruce Bainum sold 250,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total transaction of $18,512,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 22.01% of the stock is currently owned by insiders.
Choice Hotels International (NYSE:CHH) traded up $0.25 during trading hours on Friday, hitting $78.05. The stock had a trading volume of 336,500 shares, compared to its average volume of 198,858. The firm has a market capitalization of $4,403.00, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.20 and a beta of 1.17. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. Choice Hotels International has a 1-year low of $53.40 and a 1-year high of $79.80.
Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. The business had revenue of $295.09 million for the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. analysts expect that Choice Hotels International will post 2.89 earnings per share for the current fiscal year.
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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