Choice Hotels International Inc (NYSE:CHH) Receives Average Rating of “Hold” from Analysts

Choice Hotels International Inc (NYSE:CHH) has received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $77.75.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Choice Hotels International from $85.00 to $59.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. They noted that the move was a valuation call. Barclays boosted their price target on Choice Hotels International from $73.00 to $82.00 and gave the company an “underweight” rating in a report on Monday, June 22nd. Gordon Haskett initiated coverage on Choice Hotels International in a report on Thursday. They set a “hold” rating and a $80.00 price objective on the stock. Bank of America raised Choice Hotels International from an “underperform” rating to a “neutral” rating and set a $70.00 target price for the company in a research report on Wednesday, April 22nd. Finally, Morgan Stanley increased their price target on Choice Hotels International from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th.

CHH traded down $2.07 during trading hours on Friday, reaching $75.97. 460,901 shares of the company’s stock traded hands, compared to its average volume of 297,032. The firm has a 50-day moving average price of $80.55 and a 200 day moving average price of $86.27. The firm has a market capitalization of $4.21 billion, a PE ratio of 17.15 and a beta of 1.37. Choice Hotels International has a 52-week low of $46.25 and a 52-week high of $109.26.

Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, May 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. The business had revenue of $218.20 million during the quarter, compared to the consensus estimate of $202.87 million. Choice Hotels International had a negative return on equity of 385.30% and a net margin of 22.27%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. Sell-side analysts forecast that Choice Hotels International will post 2.33 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in CHH. FinTrust Capital Advisors LLC purchased a new stake in shares of Choice Hotels International during the first quarter valued at about $33,000. Trust Co. of Vermont bought a new position in shares of Choice Hotels International during the 1st quarter worth approximately $61,000. PNC Financial Services Group Inc. lifted its position in Choice Hotels International by 11.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,917 shares of the company’s stock valued at $117,000 after acquiring an additional 197 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in Choice Hotels International in the first quarter valued at approximately $121,000. Finally, US Bancorp DE boosted its stake in Choice Hotels International by 7.6% in the first quarter. US Bancorp DE now owns 2,329 shares of the company’s stock valued at $143,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 59.79% of the company’s stock.

Choice Hotels International Company Profile

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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