Choice Hotels International, Inc. (CHH) Upgraded at BidaskClub

Choice Hotels International, Inc. (NYSE:CHH) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Several other analysts have also weighed in on the company. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Barclays PLC reaffirmed an “underweight” rating and set a $60.00 target price (down from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Deutsche Bank AG lowered their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. Morgan Stanley lowered Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a report on Friday, May 5th. They noted that the move was a valuation call. Finally, Telsey Advisory Group upped their target price on Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $62.57.

Shares of Choice Hotels International (NYSE:CHH) opened at 61.75 on Thursday. The firm’s 50-day moving average price is $63.40 and its 200-day moving average price is $62.76. The firm has a market capitalization of $3.46 billion, a PE ratio of 22.81 and a beta of 1.11. Choice Hotels International has a 52-week low of $43.70 and a 52-week high of $67.80.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million during the quarter, compared to analyst estimates of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. Choice Hotels International’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. On average, equities analysts predict that Choice Hotels International will post $2.85 earnings per share for the current fiscal year.

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In other news, CEO Stephen P. Joyce sold 44,116 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 201,922 shares in the company, valued at $12,696,855.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total value of $1,072,852.48. Following the transaction, the chief executive officer now owns 176,943 shares of the company’s stock, valued at $11,150,947.86. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of CHH. Utah Retirement Systems increased its position in shares of Choice Hotels International by 1.7% in the second quarter. Utah Retirement Systems now owns 6,112 shares of the company’s stock valued at $393,000 after buying an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Choice Hotels International by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock valued at $106,000 after buying an additional 106 shares in the last quarter. Huntington National Bank increased its position in shares of Choice Hotels International by 4.7% in the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock valued at $174,000 after buying an additional 121 shares in the last quarter. Legal & General Group Plc increased its position in shares of Choice Hotels International by 1.1% in the second quarter. Legal & General Group Plc now owns 12,168 shares of the company’s stock valued at $782,000 after buying an additional 136 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Choice Hotels International by 0.7% in the first quarter. Principal Financial Group Inc. now owns 21,196 shares of the company’s stock valued at $1,327,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 50.23% of the company’s stock.

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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