News headlines about Choice Hotels International (NYSE:CHH) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Choice Hotels International earned a news impact score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.8947341581979 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Choice Hotels International chooses AT&T connectivity and mobility (financial-news.co.uk)
- Choice Hotels International : Comfort Brand Hotels Continue Category Dominance with Hotel Openings and Strongest Pipeline in History (4-traders.com)
- BidaskClub Downgrades Choice Hotels International, Inc. (CHH) to Buy (americanbankingnews.com)
- Zacks: Brokerages Anticipate Choice Hotels International, Inc. (CHH) Will Announce Quarterly Sales of $290.09 Million (americanbankingnews.com)
A number of research analysts have issued reports on CHH shares. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, July 5th. 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 research report on Friday, May 5th. They noted that the move was a valuation call. Deutsche Bank AG decreased their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Finally, Telsey Advisory Group boosted their price target on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $62.57.
Choice Hotels International (NYSE CHH) traded up 0.54% during mid-day trading on Wednesday, hitting $61.77. The stock had a trading volume of 43,025 shares. The company’s 50 day moving average price is $63.50 and its 200 day moving average price is $62.77. The firm has a market cap of $3.47 billion, a PE ratio of 22.82 and a beta of 1.11. Choice Hotels International has a 52 week low of $43.70 and a 52 week high of $67.80.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million for the quarter, compared to analyst estimates of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. Analysts anticipate that Choice Hotels International will post $2.85 earnings per share for the current year.
In other news, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total transaction of $1,072,852.48. Following the transaction, the chief executive officer now directly owns 176,943 shares in the company, valued at approximately $11,150,947.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total value of $2,774,014.08. Following the transaction, the chief executive officer now owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by corporate insiders.
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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