Choice Hotels International (NYSE:CHH) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Choice Hotels International (NYSE:CHH) from an underweight rating to a neutral rating in a report published on Friday morning, Marketbeat Ratings reports. They currently have $95.00 price objective on the stock, down from their prior price objective of $102.00.

Several other equities analysts have also issued reports on the company. UBS Group set a $95.00 target price on Choice Hotels International in a research note on Friday. Bank of America lowered shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price target on the stock. in a research note on Monday, September 29th. Susquehanna lowered their price objective on shares of Choice Hotels International from $140.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Truist Financial dropped their price objective on shares of Choice Hotels International from $128.00 to $111.00 and set a “hold” rating for the company in a report on Thursday, December 4th. Finally, Robert W. Baird reduced their target price on shares of Choice Hotels International from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.85.

Choice Hotels International Stock Performance

NYSE:CHH opened at $91.31 on Friday. The company has a debt-to-equity ratio of 12.81, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $4.22 billion, a P/E ratio of 11.22, a PEG ratio of 7.48 and a beta of 0.79. The company has a 50 day moving average price of $94.52 and a 200 day moving average price of $112.74. Choice Hotels International has a fifty-two week low of $84.04 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). Choice Hotels International had a net margin of 23.93% and a return on equity of 9,081.29%. The firm had revenue of $278.00 million during the quarter, compared to analysts’ expectations of $419.75 million. During the same period in the previous year, the firm earned $2.23 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. Equities research analysts forecast that Choice Hotels International will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.15 annualized dividend and a yield of 1.3%. Choice Hotels International’s dividend payout ratio (DPR) is 14.13%.

Institutional Investors Weigh In On Choice Hotels International

A number of large investors have recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of Choice Hotels International by 9.3% during the 1st quarter. LPL Financial LLC now owns 30,205 shares of the company’s stock worth $4,011,000 after purchasing an additional 2,567 shares during the last quarter. Vanguard Group Inc. raised its stake in Choice Hotels International by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company’s stock valued at $339,464,000 after buying an additional 133,216 shares in the last quarter. Deutsche Bank AG lifted its holdings in Choice Hotels International by 34.4% during the 1st quarter. Deutsche Bank AG now owns 8,024 shares of the company’s stock worth $1,065,000 after buying an additional 2,054 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Choice Hotels International during the 1st quarter worth about $394,000. Finally, Invesco Ltd. boosted its position in shares of Choice Hotels International by 45.9% during the 1st quarter. Invesco Ltd. now owns 195,750 shares of the company’s stock worth $25,992,000 after acquiring an additional 61,562 shares in the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.