Argus Reaffirms “Hold” Rating for Choice Hotels International (NYSE:CHH)

Choice Hotels International (NYSE:CHH)‘s stock had its “hold” rating reiterated by analysts at Argus in a research report issued on Tuesday,Benzinga reports.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group raised Choice Hotels International from a “hold” rating to a “buy” rating 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 report on Monday, September 29th. JPMorgan Chase & Co. upgraded Choice Hotels International from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $102.00 to $95.00 in a research note on Friday. The Goldman Sachs Group lowered Choice Hotels International from a “buy” rating to a “neutral” rating and cut their price target for the company from $124.00 to $90.00 in a research note on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Choice Hotels International in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Choice Hotels International currently has an average rating of “Reduce” and an average price target of $106.15.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock opened at $90.86 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 12.81. The company has a market cap of $4.20 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 7.48 and a beta of 0.79. The company has a 50 day moving average of $94.26 and a 200-day moving average of $112.49. Choice Hotels International has a 1-year low of $84.04 and a 1-year high of $157.86.

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

Hedge Funds Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC acquired a new position in Choice Hotels International during the 1st quarter worth approximately $3,598,000. Millennium Management LLC bought a new stake in shares of Choice Hotels International during the first quarter valued at approximately $49,799,000. Invesco Ltd. raised its position in shares of Choice Hotels International by 45.9% during the first quarter. Invesco Ltd. now owns 195,750 shares of the company’s stock worth $25,992,000 after purchasing an additional 61,562 shares during the period. Entropy Technologies LP lifted its holdings in shares of Choice Hotels International by 546.7% in the 2nd quarter. Entropy Technologies LP now owns 10,987 shares of the company’s stock worth $1,394,000 after purchasing an additional 9,288 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Choice Hotels International in the 1st quarter worth $394,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

About Choice Hotels International

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.