Shares of Choice Hotels International, Inc. (NYSE:CHH – GetRating) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, market beat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month objective price among brokerages that have covered the stock in the last year is $140.00.
Several research analysts have commented on CHH shares. Wells Fargo & Company downgraded Choice Hotels International from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $135.00 to $155.00 in a report on Wednesday, November 17th. They noted that the move was a valuation call. Morgan Stanley increased their target price on Choice Hotels International from $136.00 to $137.00 and gave the company an “underweight” rating in a research report on Friday, February 18th. Zacks Investment Research cut Choice Hotels International from a “buy” rating to a “hold” rating and set a $159.00 price objective for the company. in a research report on Wednesday, November 10th. Truist Financial raised their objective price on Choice Hotels International from $114.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Choice Hotels International from $128.00 to $131.00 in a research report on Thursday, February 17th.
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Choice Hotels International stock opened at $139.21 on Monday. Choice Hotels International has a 12 month low of $100.25 and a 12 month high of $157.46. The business’s fifty day simple moving average is $147.05 and its two-hundred day simple moving average is $139.36. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 0.77 and a beta of 1.42.
Choice Hotels International (NYSE:CHH – GetRating) last issued its quarterly earnings results on Tuesday, February 15th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. The business had revenue of $284.60 million during the quarter, compared to analysts’ expectations of $274.85 million. Choice Hotels International had a return on equity of 160.24% and a net margin of 27.02%. The business’s quarterly revenue was up 47.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, equities research analysts predict that Choice Hotels International will post 4.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Friday, April 1st will be paid a $0.2375 dividend. The ex-dividend date is Thursday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 0.68%. Choice Hotels International’s dividend payout ratio is currently 18.45%.
In related news, insider David A. Pepper sold 21,207 shares of Choice Hotels International stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $150.22, for a total value of $3,185,715.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 21.15% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Choice Hotels International by 2.2% in the fourth quarter. BlackRock Inc. now owns 2,813,657 shares of the company’s stock valued at $438,901,000 after acquiring an additional 60,462 shares during the last quarter. invesco ltd raised its position in Choice Hotels International by 29.6% in the fourth quarter. invesco ltd now owns 1,147,774 shares of the company’s stock valued at $179,041,000 after purchasing an additional 262,180 shares during the period. State Street Corp raised its position in Choice Hotels International by 1.7% in the fourth quarter. State Street Corp now owns 845,446 shares of the company’s stock valued at $131,881,000 after purchasing an additional 13,753 shares during the period. Morgan Stanley raised its position in Choice Hotels International by 1,016.8% in the second quarter. Morgan Stanley now owns 744,549 shares of the company’s stock valued at $88,498,000 after purchasing an additional 677,882 shares during the period. Finally, Principal Financial Group Inc. raised its position in Choice Hotels International by 0.3% in the third quarter. Principal Financial Group Inc. now owns 662,672 shares of the company’s stock valued at $83,741,000 after purchasing an additional 1,747 shares during the period. Institutional investors and hedge funds own 63.78% of the company’s stock.
About Choice Hotels International (GetRating)
Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office building owned by the company.
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