ValuEngine downgraded shares of Choice Hotels International (NYSE:CHH) from a buy rating to a hold rating in a research note published on Wednesday morning.
CHH has been the subject of a number of other reports. Barclays raised their target price on shares of Choice Hotels International from $67.00 to $75.00 and gave the company an underweight rating in a report on Wednesday, February 21st. Wells Fargo & Co lowered shares of Choice Hotels International from an outperform rating to a market perform rating and set a $88.00 target price for the company. in a report on Thursday, May 10th. Deutsche Bank raised their target price on shares of Choice Hotels International from $83.30 to $85.00 and gave the company a hold rating in a report on Thursday, May 10th. Zacks Investment Research lowered shares of Choice Hotels International from a buy rating to a hold rating in a report on Tuesday, March 20th. Finally, UBS Group raised shares of Choice Hotels International from a sell rating to a neutral rating in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $82.38.
Choice Hotels International opened at $77.40 on Wednesday, MarketBeat Ratings reports. Choice Hotels International has a fifty-two week low of $59.60 and a fifty-two week high of $85.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of -3.06. The firm has a market capitalization of $4.45 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, May 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. Choice Hotels International had a net margin of 10.92% and a negative return on equity of 74.98%. The firm had revenue of $209.39 million during the quarter, compared to analyst estimates of $215.75 million. During the same period last year, the firm posted $0.51 earnings per share. Choice Hotels International’s revenue for the quarter was up 10.9% compared to the same quarter last year. analysts predict that Choice Hotels International will post 3.7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Monday, July 2nd will be given a $0.215 dividend. The ex-dividend date is Friday, June 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.11%. Choice Hotels International’s dividend payout ratio is presently 29.86%.
In related news, insider Patrick Cimerola sold 6,104 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $81.03, for a total value of $494,607.12. Following the completion of the sale, the insider now directly owns 36,131 shares in the company, valued at $2,927,694.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 22.01% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Navellier & Associates Inc bought a new stake in Choice Hotels International in the first quarter worth $354,000. WINTON GROUP Ltd bought a new stake in Choice Hotels International in the first quarter worth $1,654,000. Xact Kapitalforvaltning AB lifted its position in Choice Hotels International by 66.6% in the first quarter. Xact Kapitalforvaltning AB now owns 4,751 shares of the company’s stock worth $381,000 after buying an additional 1,900 shares during the last quarter. Royal Bank of Canada lifted its position in Choice Hotels International by 116.0% in the first quarter. Royal Bank of Canada now owns 28,059 shares of the company’s stock worth $2,249,000 after buying an additional 15,071 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Choice Hotels International in the first quarter worth $946,000. Institutional investors own 51.78% of the company’s stock.
About Choice Hotels International
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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