Choice Hotels International (CHH) Issues Q1 Earnings Guidance

Choice Hotels International (NYSE:CHH) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.58-0.61 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. Choice Hotels International also updated its FY18 guidance to $3.54-3.66 EPS.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Choice Hotels International from a hold rating to a buy rating and set a $90.00 price objective on the stock in a research note on Tuesday, January 9th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a neutral rating to an underweight rating and set a $72.00 price objective on the stock. in a research note on Wednesday, December 13th. SunTrust Banks reiterated a hold rating and set a $71.00 price objective on shares of Choice Hotels International in a research note on Friday, November 10th. Finally, Barclays increased their price objective on shares of Choice Hotels International from $60.00 to $67.00 and gave the company an underweight rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $69.13.

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Choice Hotels International (NYSE CHH) opened at $80.50 on Tuesday. The company has a debt-to-equity ratio of -3.99, a current ratio of 1.67 and a quick ratio of 1.67. Choice Hotels International has a 52-week low of $59.60 and a 52-week high of $82.85. The stock has a market cap of $4,555.80, a PE ratio of 29.81, a PEG ratio of 1.93 and a beta of 1.16.

A hedge fund recently raised its stake in Choice Hotels International stock. The Manufacturers Life Insurance Company lifted its holdings in Choice Hotels International Inc (NYSE:CHH) by 6.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,651 shares of the company’s stock after buying an additional 106 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Choice Hotels International were worth $106,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 51.21% of the company’s stock.

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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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