SunTrust Banks, Inc. Reaffirms Hold Rating for Choice Hotels International, Inc. (NYSE:CHH)

Choice Hotels International, Inc. (NYSE:CHH)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a report issued on Friday, November 10th. They presently have a $71.00 target price on the stock. SunTrust Banks, Inc.’s price target points to a potential downside of 7.97% from the stock’s current price. SunTrust Banks also issued estimates for Choice Hotels International’s FY2017 earnings at $2.87 EPS, Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $0.69 EPS and FY2018 earnings at $3.15 EPS.

Other analysts have also recently issued research reports about the company. Barclays PLC reissued an “underweight” rating and set a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Deutsche Bank AG lowered their price target on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. BidaskClub raised Choice Hotels International from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. TheStreet raised Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $65.00.

Choice Hotels International (NYSE:CHH) opened at $77.15 on Friday. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $4,369.04, a price-to-earnings ratio of 27.47, a PEG ratio of 3.18 and a beta of 1.13. Choice Hotels International has a 1 year low of $51.25 and a 1 year high of $77.60.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The business had revenue of $295.09 million during the quarter, compared to analysts’ expectations of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. Choice Hotels International’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. sell-side analysts predict that Choice Hotels International will post 2.89 earnings per share for the current year.

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In related news, major shareholder Bruce Bainum sold 7,977 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $62.15, for a total value of $495,770.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Pepper sold 10,217 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $61.07, for a total transaction of $623,952.19. Following the completion of the transaction, the insider now owns 79,010 shares in the company, valued at approximately $4,825,140.70. The disclosure for this sale can be found here. Insiders have sold 289,249 shares of company stock worth $20,937,359 over the last ninety days. Insiders own 22.01% of the company’s stock.

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Choice Hotels International by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after acquiring an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in 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 acquiring an additional 106 shares during the last quarter. Quantbot Technologies LP purchased a new position in Choice Hotels International in the second quarter valued at about $108,000. Huntington National Bank boosted its stake in 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 acquiring an additional 121 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Choice Hotels International during the 3rd quarter valued at approximately $192,000. 50.45% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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