Choice Hotels International (NYSE:CHH) Lifted to “Sell” at ValuEngine

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Choice Hotels International (NYSE:CHH) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday, November 1st, ValuEngine reports.

CHH has been the topic of several other reports. Robert W. Baird assumed coverage on shares of Choice Hotels International in a research note on Thursday, August 22nd. They set an “outperform” rating and a $97.00 price target on the stock. Deutsche Bank reaffirmed a “hold” rating and set a $83.00 price target on shares of Choice Hotels International in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Choice Hotels International from $73.00 to $81.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Bank of America raised their price target on shares of Choice Hotels International from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Choice Hotels International has an average rating of “Hold” and a consensus target price of $88.11.

NYSE CHH traded down $0.49 during trading hours on Friday, reaching $90.92. The company’s stock had a trading volume of 317,931 shares, compared to its average volume of 306,862. The stock has a market cap of $5.01 billion, a PE ratio of 23.37, a PEG ratio of 2.70 and a beta of 0.92. Choice Hotels International has a fifty-two week low of $66.71 and a fifty-two week high of $94.78. The company’s 50-day moving average is $88.33 and its two-hundred day moving average is $87.25.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. Choice Hotels International had a net margin of 19.43% and a negative return on equity of 146.23%. The firm had revenue of $310.73 million for the quarter, compared to analysts’ expectations of $306.10 million. During the same period in the prior year, the company earned $1.24 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that Choice Hotels International will post 4.25 earnings per share for the current year.

In related news, insider Patrick Cimerola sold 14,669 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $88.13, for a total value of $1,292,778.97. Following the transaction, the insider now owns 31,908 shares in the company, valued at $2,812,052.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Mcdowell sold 11,585 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $88.37, for a total transaction of $1,023,766.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,878 shares of company stock worth $2,823,872. Insiders own 24.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Choice Hotels International by 2.7% in the second quarter. Vanguard Group Inc. now owns 3,081,850 shares of the company’s stock valued at $268,152,000 after buying an additional 81,654 shares during the period. Brown Advisory Inc. raised its stake in shares of Choice Hotels International by 0.5% during the second quarter. Brown Advisory Inc. now owns 992,778 shares of the company’s stock valued at $86,383,000 after purchasing an additional 4,719 shares during the period. Macquarie Group Ltd. raised its stake in shares of Choice Hotels International by 1.0% during the second quarter. Macquarie Group Ltd. now owns 923,945 shares of the company’s stock valued at $80,393,000 after purchasing an additional 9,530 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Choice Hotels International by 16.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 597,431 shares of the company’s stock valued at $51,982,000 after purchasing an additional 84,500 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Choice Hotels International by 1,668.1% during the second quarter. Invesco Ltd. now owns 587,733 shares of the company’s stock valued at $51,138,000 after purchasing an additional 554,493 shares during the period. Hedge funds and other institutional investors own 59.58% of the company’s stock.

About Choice Hotels International

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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