Shares of Choice Hotels (NYSE:CHH) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $75.29.
Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Choice Hotels from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. SunTrust Banks upped their target price on Choice Hotels to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st. UBS raised Choice Hotels from a “sell” rating to a “neutral” rating in a research note on Monday, February 26th. Barclays upped their target price on Choice Hotels from $67.00 to $75.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. Finally, Wells Fargo reiterated a “market perform” rating and set a $88.00 price target (up from $86.00) on shares of Choice Hotels in a research report on Wednesday, February 21st.
In other Choice Hotels news, insider Scott E. Oaksmith sold 10,546 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $79.12, for a total value of $834,399.52. Following the completion of the sale, the insider now directly owns 33,356 shares in the company, valued at approximately $2,639,126.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Bonds sold 14,820 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $83.50, for a total value of $1,237,470.00. Following the completion of the sale, the senior vice president now owns 14,272 shares of the company’s stock, valued at $1,191,712. The disclosure for this sale can be found here. Insiders have sold 61,995 shares of company stock valued at $4,992,967 over the last quarter. 22.01% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Choice Hotels by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after acquiring an additional 106 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Choice Hotels by 43.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,311 shares of the company’s stock worth $179,000 after acquiring an additional 700 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Choice Hotels during the 4th quarter worth about $186,000. Magnetar Financial LLC acquired a new position in Choice Hotels during the 3rd quarter worth about $202,000. Finally, Franklin Resources Inc. acquired a new position in Choice Hotels during the 4th quarter worth about $202,000. Institutional investors own 51.50% of the company’s stock.
Shares of CHH stock traded up $0.40 during trading hours on Thursday, hitting $81.05. 93,183 shares of the company’s stock were exchanged, compared to its average volume of 248,452. The company has a debt-to-equity ratio of -3.42, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $4,502.60, a price-to-earnings ratio of 28.16, a PEG ratio of 2.23 and a beta of 1.08. Choice Hotels has a fifty-two week low of $59.60 and a fifty-two week high of $85.35.
Choice Hotels (NYSE:CHH) last announced its earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $237.57 million during the quarter, compared to the consensus estimate of $227.65 million. Choice Hotels had a negative return on equity of 68.40% and a net margin of 11.40%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. analysts anticipate that Choice Hotels will post 3.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Monday, April 2nd will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, March 29th. Choice Hotels’s payout ratio is 29.86%.
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Choice Hotels Company Profile
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.
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