Choice Hotels International (NYSE:CHH) Rating Lowered to Neutral at Bank of America

Choice Hotels International (NYSE:CHH) was downgraded by equities research analysts at Bank of America to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently weighed in on CHH. SunTrust Banks lifted their price objective on shares of Choice Hotels International from $80.00 to $87.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. Zacks Investment Research cut shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Finally, Deutsche Bank restated a “hold” rating and set a $76.00 price objective on shares of Choice Hotels International in a research note on Sunday, February 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $82.88.

CHH stock opened at $85.97 on Wednesday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.07 and a beta of 1.04. Choice Hotels International has a 1 year low of $66.71 and a 1 year high of $87.64.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Choice Hotels International had a net margin of 21.08% and a negative return on equity of 124.30%. The business had revenue of $218.30 million for the quarter, compared to analysts’ expectations of $221.84 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts anticipate that Choice Hotels International will post 4.18 EPS for the current fiscal year.

In related news, insider John Bonds sold 5,102 shares of Choice Hotels International stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $82.01, for a total value of $418,415.02. Following the transaction, the insider now owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick Cimerola sold 6,410 shares of Choice Hotels International stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $77.72, for a total value of $498,185.20. Following the completion of the transaction, the insider now directly owns 17,216 shares in the company, valued at approximately $1,338,027.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,285 shares of company stock worth $2,989,357. 24.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in Choice Hotels International by 12.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,349 shares of the company’s stock worth $106,000 after purchasing an additional 149 shares in the last quarter. ETF Managers Group LLC increased its stake in Choice Hotels International by 10.3% in the 1st quarter. ETF Managers Group LLC now owns 1,795 shares of the company’s stock worth $140,000 after purchasing an additional 167 shares in the last quarter. Captrust Financial Advisors increased its stake in Choice Hotels International by 85.7% in the 4th quarter. Captrust Financial Advisors now owns 531 shares of the company’s stock worth $38,000 after purchasing an additional 245 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Choice Hotels International by 13.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,559 shares of the company’s stock worth $199,000 after purchasing an additional 303 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Choice Hotels International in the 1st quarter worth about $26,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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