SunTrust Banks, Inc. Reiterates “Hold” Rating for Choice Hotels International, Inc. (CHH)

Choice Hotels International, Inc. (NYSE:CHH)‘s stock had its “hold” rating reissued by analysts at SunTrust Banks, Inc. in a report issued on Friday. They currently have a $71.00 target price on the stock. SunTrust Banks, Inc.’s price target would indicate a potential downside of 4.18% from the stock’s previous close. SunTrust Banks also issued estimates for Choice Hotels International’s FY2017 earnings at $2.87 EPS, Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $0.69 EPS and FY2018 earnings at $3.15 EPS.

A number of other research analysts also recently issued reports on the company. Barclays PLC upped their price target on Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a report on Tuesday. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, October 17th. BidaskClub upgraded Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Deutsche Bank AG reduced their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.00.

Shares of Choice Hotels International (CHH) traded up $1.05 during trading hours on Friday, hitting $74.10. The stock had a trading volume of 167,400 shares, compared to its average volume of 200,955. The company has a market capitalization of $4,134.18, a P/E ratio of 26.00, a P/E/G ratio of 3.01 and a beta of 1.13. The company has a debt-to-equity ratio of -3.42, a quick ratio of 1.38 and a current ratio of 1.38. Choice Hotels International has a 1 year low of $49.30 and a 1 year high of $76.41.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $295.09 million for the quarter, compared to the consensus estimate of $288.50 million. Choice Hotels International had a negative return on equity of 55.91% and a net margin of 15.66%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. sell-side analysts expect that Choice Hotels International will post 2.89 EPS for the current year.

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In other Choice Hotels International news, major shareholder Bruce Bainum sold 7,977 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $62.15, for a total value of $495,770.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Pepper sold 1,071 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $61.09, for a total value of $65,427.39. Following the completion of the sale, the insider now owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,320 shares of company stock valued at $2,490,287. Company insiders own 22.01% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CHH. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after buying an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Choice Hotels International by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after buying an additional 106 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Choice Hotels International in the second quarter worth about $108,000. Huntington National Bank increased its position in Choice Hotels International by 4.7% in the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock worth $174,000 after buying an additional 121 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in Choice Hotels International in the third quarter worth about $192,000. Institutional investors and hedge funds own 50.46% of the company’s stock.

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.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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