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.
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.
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