Choice Hotels International (NYSE:CHH) has been assigned a $83.00 price target by equities research analysts at Jefferies Financial Group in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 6.27% from the company’s previous close.
Other equities analysts have also issued reports about the stock. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b-” rating in a research report on Friday, September 28th. ValuEngine raised shares of Choice Hotels International from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Longbow Research started coverage on shares of Choice Hotels International in a research report on Friday, September 7th. They issued a “buy” rating and a $95.00 price objective on the stock. Wells Fargo & Co reissued a “hold” rating on shares of Choice Hotels International in a research report on Thursday, August 9th. Finally, Zacks Investment Research lowered shares of Choice Hotels International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $82.89.
NYSE CHH opened at $78.10 on Friday. Choice Hotels International has a 1 year low of $69.06 and a 1 year high of $85.35. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.42 and a beta of 1.06.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, November 8th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Choice Hotels International had a net margin of 14.08% and a negative return on equity of 87.57%. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $321.69 million. During the same period in the prior year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Choice Hotels International will post 3.76 EPS for the current fiscal year.
In related news, insider Patrick Cimerola sold 5,180 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $81.91, for a total transaction of $424,293.80. Following the transaction, the insider now directly owns 20,829 shares of the company’s stock, valued at $1,706,103.39. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick Pacious sold 35,350 shares of the firm’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $82.33, for a total transaction of $2,910,365.50. Following the transaction, the chief executive officer now directly owns 139,498 shares in the company, valued at $11,484,870.34. The disclosure for this sale can be found here. Insiders sold 55,323 shares of company stock worth $4,553,317 over the last three months. Insiders own 22.01% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. GAM Holding AG bought a new position in Choice Hotels International during the second quarter worth about $718,000. Eqis Capital Management Inc. increased its position in Choice Hotels International by 112.6% during the second quarter. Eqis Capital Management Inc. now owns 10,193 shares of the company’s stock worth $771,000 after acquiring an additional 5,398 shares during the period. Fort L.P. bought a new position in Choice Hotels International during the second quarter worth about $116,000. Guggenheim Capital LLC bought a new position in Choice Hotels International during the first quarter worth about $1,384,000. Finally, Tealwood Asset Management Inc. bought a new position in Choice Hotels International during the third quarter worth about $3,566,000. 54.07% of the stock is currently owned by institutional investors and hedge funds.
Choice Hotels International 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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