Brokerages Set Choice Hotels International Inc (NYSE:CHH) PT at $82.56

Choice Hotels International Inc (NYSE:CHH) has been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $82.56.

A number of analysts have commented on CHH shares. Barclays restated a “sell” rating on shares of RenaissanceRe in a research report on Tuesday, July 2nd. Bank of America restated an “underperform” rating and issued a $86.00 price target on shares of PTC in a research report on Wednesday, June 12th. Finally, Zacks Investment Research upgraded HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th.

In related news, Director William L. Jews sold 8,750 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $84.11, for a total transaction of $735,962.50. Following the completion of the sale, the director now owns 25,952 shares in the company, valued at $2,182,822.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Bonds sold 5,102 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $82.01, for a total value of $418,415.02. Following the sale, the insider now owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The disclosure for this sale can be found here. Insiders have sold 38,625 shares of company stock valued at $3,227,134 in the last quarter. 24.90% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in CHH. First Trust Advisors LP increased its holdings in Choice Hotels International by 160.9% during the fourth quarter. First Trust Advisors LP now owns 44,414 shares of the company’s stock worth $3,179,000 after buying an additional 27,393 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Choice Hotels International by 0.6% in the fourth quarter. BlackRock Inc. now owns 1,581,985 shares of the company’s stock valued at $113,240,000 after purchasing an additional 9,674 shares during the last quarter. Martingale Asset Management L P increased its holdings in shares of Choice Hotels International by 5.4% in the fourth quarter. Martingale Asset Management L P now owns 13,611 shares of the company’s stock valued at $976,000 after purchasing an additional 700 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Choice Hotels International by 4.0% in the fourth quarter. Northern Trust Corp now owns 262,353 shares of the company’s stock valued at $18,780,000 after purchasing an additional 10,169 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Choice Hotels International in the fourth quarter valued at $758,000. Hedge funds and other institutional investors own 60.22% of the company’s stock.

CHH traded up $0.22 during midday trading on Friday, reaching $88.84. The company had a trading volume of 290,641 shares, compared to its average volume of 290,241. The company’s 50-day moving average price is $85.52. The firm has a market capitalization of $4.94 billion, a P/E ratio of 22.84, a P/E/G ratio of 2.14 and a beta of 1.02. Choice Hotels International has a 1 year low of $66.71 and a 1 year high of $89.46.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $221.84 million. Choice Hotels International had a negative return on equity of 124.30% and a net margin of 21.08%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. As a group, research analysts forecast that Choice Hotels International will post 4.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, July 1st. Choice Hotels International’s dividend payout ratio is currently 22.11%.

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 Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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