News stories about Choice Hotels International (NYSE:CHH) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Choice Hotels International earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the company an impact score of 90 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Anticipate Choice Hotels International, Inc. (CHH) Will Announce Quarterly Sales of $290.09 Million (americanbankingnews.com)
- DineEquity Appoints Stephen P. Joyce as Chief Executive Officer (finance.yahoo.com)
- Stewart Bainum, Jr., Choice Hotels Chairman of the Board of Directors, Announces Patrick Pacious to Become Chief Executive Officer and President Effective September 12 (finance.yahoo.com)
- Stewart Bainum, Jr., Choice Hotels Chairman of the Board of Directors, Announces Patrick Pacious to Become Chief Executive Of… (ih.advfn.com)
- See what the IHS Markit Score report has to say about Choice Hotels International Inc. (finance.yahoo.com)
A number of equities research analysts have commented on CHH shares. Morgan Stanley downgraded Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a report on Friday, May 5th. They noted that the move was a valuation call. Telsey Advisory Group upped their price target on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, July 5th. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $60.00 price objective (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $62.57.
Choice Hotels International (NYSE CHH) traded up 1.92% during mid-day trading on Friday, reaching $61.20. The company’s stock had a trading volume of 203,013 shares. The firm has a market capitalization of $3.43 billion, a PE ratio of 22.61 and a beta of 1.11. The stock’s 50-day moving average is $63.90 and its 200-day moving average is $62.55. Choice Hotels International has a 12 month low of $43.70 and a 12 month high of $67.80.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company had revenue of $276.80 million for the quarter, compared to analyst estimates of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. On average, equities analysts anticipate that Choice Hotels International will post $2.85 EPS for the current year.
In related news, CEO Stephen P. Joyce sold 17,024 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total transaction of $1,072,852.48. Following the sale, the chief executive officer now directly owns 176,943 shares in the company, valued at $11,150,947.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen P. Joyce sold 44,116 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the sale, the chief executive officer now owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. Company insiders own 22.01% of the company’s stock.
About Choice Hotels International
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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