Choice Hotels International (NYSE:CHH) Rating Reiterated by Morgan Stanley

Choice Hotels International (NYSE:CHH)‘s stock had its “hold” rating restated by stock analysts at Morgan Stanley in a report released on Wednesday, AnalystRatings.com reports. They currently have a $81.00 target price on the stock. Morgan Stanley’s price target would suggest a potential downside of 10.91% from the company’s current price.

CHH has been the subject of a number of other reports. Wells Fargo & Co cut their price objective on shares of Choice Hotels International from $90.00 to $88.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Robert W. Baird started coverage on shares of Choice Hotels International in a report on Thursday, August 22nd. They set an “outperform” rating and a $97.00 price objective for the company. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, September 5th. Barclays increased their price objective on shares of Choice Hotels International from $81.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, August 14th. Finally, ValuEngine raised shares of Choice Hotels International from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.60.

NYSE CHH traded down $0.49 on Wednesday, reaching $90.92. 318,642 shares of the stock were exchanged, compared to its average volume of 306,862. Choice Hotels International has a one year low of $66.71 and a one year high of $94.78. The firm has a market capitalization of $5.01 billion, a PE ratio of 23.37, a PEG ratio of 2.70 and a beta of 0.92. The company’s 50-day simple moving average is $88.33 and its two-hundred day simple moving average is $87.25.

Choice Hotels International (NYSE:CHH) last released its earnings results on Tuesday, November 5th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Choice Hotels International had a net margin of 19.43% and a negative return on equity of 146.23%. The company had revenue of $310.73 million for the quarter, compared to analysts’ expectations of $306.10 million. During the same quarter last year, the business earned $1.24 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts predict that Choice Hotels International will post 4.25 earnings per share for the current year.

In other Choice Hotels International news, insider Patrick Cimerola sold 5,602 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $90.20, for a total transaction of $505,300.40. Following the completion of the sale, the insider now directly owns 24,926 shares of the company’s stock, valued at approximately $2,248,325.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert J. Mcdowell sold 11,585 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $88.37, for a total transaction of $1,023,766.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,878 shares of company stock valued at $2,823,872. Insiders own 24.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its holdings in shares of Choice Hotels International by 4.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,769 shares of the company’s stock valued at $241,000 after purchasing an additional 127 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Choice Hotels International by 2.9% in the second quarter. Eqis Capital Management Inc. now owns 6,024 shares of the company’s stock valued at $524,000 after purchasing an additional 168 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Choice Hotels International by 110.8% in the second quarter. Advisor Group Inc. now owns 331 shares of the company’s stock valued at $29,000 after purchasing an additional 174 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Choice Hotels International by 1.9% in the second quarter. Commonwealth Equity Services LLC now owns 12,597 shares of the company’s stock valued at $1,096,000 after purchasing an additional 231 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Choice Hotels International in the second quarter valued at $26,000. 59.58% 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 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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