Choice Hotels International (NYSE:CHH)‘s stock had its “equal weight” rating restated by equities research analysts at Morgan Stanley in a report issued on Wednesday. They presently have a $81.00 price objective on the stock, down from their previous price objective of $83.00. Morgan Stanley’s target price suggests a potential upside of 1.06% from the stock’s previous close.
Several other research firms have also commented on CHH. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $72.00 target price (down from $73.00) on shares of Choice Hotels International in a research note on Wednesday. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Tuesday, January 9th. SunTrust Banks reiterated a “hold” rating and issued a $71.00 target price on shares of Choice Hotels International in a research note on Friday, November 10th. Finally, Barclays upped their price target on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $75.11.
Choice Hotels International (NYSE CHH) remained flat at $$80.15 during trading on Wednesday. 13,832 shares of the company’s stock were exchanged, compared to its average volume of 225,062. The stock has a market capitalization of $4,425.64, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. Choice Hotels International has a 1-year low of $59.60 and a 1-year high of $82.85. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of -3.99.
Choice Hotels International (NYSE:CHH) last released its earnings results on Tuesday, February 20th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $237.57 million during the quarter, compared to analyst estimates of $227.65 million. Choice Hotels International had a negative return on equity of 65.89% and a net margin of 11.40%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. research analysts forecast that Choice Hotels International will post 3.47 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in CHH. Goldman Sachs Group Inc. grew its stake in shares of Choice Hotels International by 329.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 575,544 shares of the company’s stock valued at $44,662,000 after buying an additional 441,418 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Choice Hotels International by 41.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,187,600 shares of the company’s stock valued at $92,158,000 after buying an additional 348,800 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in shares of Choice Hotels International by 1,646.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 172,900 shares of the company’s stock valued at $11,048,000 after buying an additional 163,000 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Choice Hotels International by 16.5% in the third quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock valued at $73,386,000 after buying an additional 162,255 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Choice Hotels International by 23.3% in the third quarter. Citadel Advisors LLC now owns 410,736 shares of the company’s stock valued at $26,246,000 after buying an additional 77,569 shares in the last quarter. 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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