Zacks Investment Research upgraded shares of Choice Hotels International, Inc. (NYSE:CHH) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $72.00 price target on the stock.
According to Zacks, “Choice Hotels Int’l. is one of the largest hotel franchise companies in the world with hotels, inns, all-suite hotels and resorts open and under development in countries across the globe under the brand names Comfort, Quality, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites. “
Other equities research analysts have also recently issued research reports about the company. Morgan Stanley cut Choice Hotels International from an overweight rating to an equal weight rating and set a $65.00 price target on the stock. in a research note on Friday, May 5th. They noted that the move was a valuation call. Telsey Advisory Group increased their price target on Choice Hotels International from $59.00 to $63.00 and gave the company a market perform rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $61.40.
Choice Hotels International (NYSE CHH) traded down 0.71% during trading on Wednesday, hitting $62.90. 46,968 shares of the stock were exchanged. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 24.15 and a beta of 1.11. The firm’s 50 day moving average price is $64.95 and its 200-day moving average price is $60.91. Choice Hotels International has a 1-year low of $43.70 and a 1-year high of $67.80.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $197.89 million during the quarter, compared to the consensus estimate of $216.24 million. Choice Hotels International had a negative return on equity of 45.12% and a net margin of 16.05%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, analysts anticipate that Choice Hotels International will post $2.84 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Monday, July 3rd will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, June 29th. Choice Hotels International’s payout ratio is currently 33.20%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in Choice Hotels International during the fourth quarter valued at $130,000. Trexquant Investment LP acquired a new stake in Choice Hotels International during the fourth quarter valued at $232,000. Renaissance Technologies LLC raised its stake in Choice Hotels International by 589.4% in the fourth quarter. Renaissance Technologies LLC now owns 201,300 shares of the company’s stock valued at $11,283,000 after buying an additional 172,100 shares during the period. A.R.T. Advisors LLC acquired a new stake in Choice Hotels International during the fourth quarter valued at $549,000. Finally, Two Sigma Investments LP raised its stake in Choice Hotels International by 592.5% in the fourth quarter. Two Sigma Investments LP now owns 64,697 shares of the company’s stock valued at $3,626,000 after buying an additional 55,354 shares during the period. Institutional investors own 49.80% 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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