Choice Hotels International Inc (CHH) Receives $80.75 Consensus PT from Brokerages

Choice Hotels International Inc (NYSE:CHH) has received an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $80.75.

CHH has been the subject of several recent analyst reports. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Wednesday, November 21st. Jefferies Financial Group set a $83.00 price target on Choice Hotels International and gave the stock a “hold” rating in a research note on Friday, November 9th. Wells Fargo & Co restated a “hold” rating on shares of Choice Hotels International in a research note on Tuesday, December 11th. Finally, SunTrust Banks decreased their price target on Choice Hotels International to $80.00 and set a “hold” rating for the company in a research note on Thursday, November 15th.

Shares of CHH stock traded up $1.25 during mid-day trading on Wednesday, hitting $81.60. The company’s stock had a trading volume of 312,800 shares, compared to its average volume of 327,510. Choice Hotels International has a 52-week low of $66.71 and a 52-week high of $85.35. The stock has a market capitalization of $4.44 billion, a P/E ratio of 28.33, a P/E/G ratio of 2.23 and a beta of 1.08.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 17th. Investors of record on Wednesday, January 2nd were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Monday, December 31st. Choice Hotels International’s dividend payout ratio (DPR) is presently 29.86%.

A number of institutional investors have recently bought and sold shares of the stock. Atlanta Capital Management Co. L L C increased its position in Choice Hotels International by 79.5% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,265,458 shares of the company’s stock valued at $233,741,000 after acquiring an additional 1,446,073 shares during the last quarter. Vanguard Group Inc. increased its position in Choice Hotels International by 1.8% during the third quarter. Vanguard Group Inc. now owns 2,924,825 shares of the company’s stock valued at $243,638,000 after acquiring an additional 50,729 shares during the last quarter. Vanguard Group Inc increased its position in Choice Hotels International by 1.8% during the third quarter. Vanguard Group Inc now owns 2,924,825 shares of the company’s stock valued at $243,638,000 after acquiring an additional 50,729 shares during the last quarter. BlackRock Inc. increased its position in Choice Hotels International by 0.6% during the fourth quarter. BlackRock Inc. now owns 1,581,985 shares of the company’s stock valued at $113,240,000 after acquiring an additional 9,674 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Choice Hotels International by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,113,743 shares of the company’s stock valued at $79,722,000 after acquiring an additional 48,275 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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.

See Also: Fiduciary

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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