Choice Hotels International, Inc. (NYSE:CHH) Receives $84.08 Consensus Price Target from Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHH) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $84.08.

CHH has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Choice Hotels International from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, August 11th. Bank of America downgraded Choice Hotels International from a “neutral” rating to an “underperform” rating and set a $95.00 price target for the company. in a research report on Tuesday, September 29th. Barclays raised their price objective on Choice Hotels International from $82.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Choice Hotels International in a research note on Thursday, August 6th. Finally, Wells Fargo & Company reissued a “buy” rating and set a $104.00 target price (up previously from $95.00) on shares of Choice Hotels International in a research report on Friday, August 21st.

In other news, insider David A. Pepper sold 25,895 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $94.93, for a total transaction of $2,458,212.35. Following the transaction, the insider now directly owns 116,974 shares of the company’s stock, valued at $11,104,341.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 21.73% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Bamco Inc. NY boosted its holdings in Choice Hotels International by 0.6% in the second quarter. Bamco Inc. NY now owns 4,721,573 shares of the company’s stock valued at $372,532,000 after purchasing an additional 27,148 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Choice Hotels International by 720.8% during the second quarter. Principal Financial Group Inc. now owns 816,145 shares of the company’s stock worth $64,393,000 after buying an additional 716,715 shares in the last quarter. State Street Corp increased its stake in shares of Choice Hotels International by 0.3% in the first quarter. State Street Corp now owns 799,672 shares of the company’s stock worth $48,980,000 after buying an additional 2,006 shares during the last quarter. Invesco Ltd. increased its stake in shares of Choice Hotels International by 58.5% in the first quarter. Invesco Ltd. now owns 731,560 shares of the company’s stock worth $44,809,000 after buying an additional 270,132 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Choice Hotels International by 20.0% in the second quarter. Victory Capital Management Inc. now owns 726,378 shares of the company’s stock valued at $57,311,000 after acquiring an additional 121,234 shares in the last quarter. Institutional investors own 58.72% of the company’s stock.

NYSE:CHH traded down $3.94 during mid-day trading on Friday, reaching $88.30. The company’s stock had a trading volume of 1,276 shares, compared to its average volume of 280,749. The stock has a market cap of $4.90 billion, a P/E ratio of 27.82 and a beta of 1.50. The company’s fifty day simple moving average is $92.01 and its two-hundred day simple moving average is $84.40. Choice Hotels International has a twelve month low of $46.25 and a twelve month high of $109.26.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.19). Choice Hotels International had a negative return on equity of 426.09% and a net margin of 18.07%. The company had revenue of $151.70 million for the quarter, compared to analysts’ expectations of $169.68 million. During the same quarter in the previous year, the company earned $1.19 earnings per share. The company’s revenue was down 52.2% on a year-over-year basis. On average, equities analysts predict that Choice Hotels International will post 2.24 earnings per share for the current fiscal year.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates through Hotel Franchising and Corporate & Other segments. It 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, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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