Shares of Choice Hotels International, Inc. (NYSE:CHH) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $61.00.
CHH has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Telsey Advisory Group lifted their price objective on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Finally, Morgan Stanley lowered shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research note on Friday, May 5th. They noted that the move was a valuation call.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC raised its position in shares of Choice Hotels International by 193.5% in the third quarter. Verition Fund Management LLC now owns 15,707 shares of the company’s stock worth $708,000 after buying an additional 10,355 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Choice Hotels International during the third quarter worth $1,026,000. Analytic Investors LLC bought a new position in shares of Choice Hotels International during the third quarter worth $415,000. Echo Street Capital Management LLC raised its position in shares of Choice Hotels International by 51.8% in the third quarter. Echo Street Capital Management LLC now owns 1,325,207 shares of the company’s stock worth $59,740,000 after buying an additional 452,141 shares during the last quarter. Finally, SECOR Capital Advisors LP bought a new position in shares of Choice Hotels International during the third quarter worth $3,534,000. 49.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Choice Hotels International (NYSE CHH) traded down 0.45% during midday trading on Monday, hitting $66.50. 348,379 shares of the company traded hands. The stock has a market capitalization of $3.73 billion, a P/E ratio of 25.53 and a beta of 1.14. The stock’s 50-day moving average is $64.38 and its 200 day moving average is $60.08. Choice Hotels International has a 12-month low of $43.61 and a 12-month high of $67.30.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. Choice Hotels International had a net margin of 16.05% and a negative return on equity of 45.12%. The business had revenue of $197.89 million for the quarter, compared to analyst estimates of $216.24 million. During the same quarter last year, the firm earned $0.37 EPS. Choice Hotels International’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts expect that Choice Hotels International will post $2.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 18th. Shareholders of record on Monday, July 3rd will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, June 29th. Choice Hotels International’s payout ratio is currently 33.20%.
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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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