Media headlines about Choice Hotels International (NYSE:CHH) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Choice Hotels International earned a news impact score of 0.22 on Accern’s scale. Accern also gave headlines about the company an impact score of 72 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Choice Hotels International Selects AT&T Connectivity and Mobility (finance.yahoo.com)
- Choice Hotels International, Inc. :CHH-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- SunTrust Banks Comments on Choice Hotels International, Inc.’s FY2017 Earnings (NYSE:CHH) (americanbankingnews.com)
- Choice Hotels International, Inc. (CHH) Price Target Cut to $60.00 by Analysts at Barclays PLC (americanbankingnews.com)
- Choice Hotels International, Inc. (NYSE:CHH) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
CHH has been the topic of several recent research reports. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, April 11th. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley cut Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Friday, May 5th. They noted that the move was a valuation call. Deutsche Bank AG lowered their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Finally, Telsey Advisory Group upped their price objective 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Choice Hotels International presently has an average rating of “Hold” and an average price target of $62.57.
Choice Hotels International (CHH) opened at 60.95 on Wednesday. The firm’s 50-day moving average price is $64.51 and its 200-day moving average price is $62.35. The firm has a market capitalization of $3.43 billion, a PE ratio of 22.52 and a beta of 1.11. 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 posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 48.80%. The business had revenue of $276.80 million during the quarter, compared to the consensus estimate of $254.68 million. During the same period in the prior year, the firm earned $0.71 EPS. Choice Hotels International’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts predict that Choice Hotels International will post $2.85 EPS for the current fiscal year.
In other Choice Hotels International news, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total value of $1,072,852.48. Following the completion of the sale, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the completion of the sale, the chief executive officer now directly owns 201,922 shares of the company’s stock, valued at $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is owned by corporate insiders.
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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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