Choice Hotels International, Inc. (NYSE:CHH) Cut to “Buy” at BidaskClub

Choice Hotels International, Inc. (NYSE:CHH) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

CHH has been the topic of several other research reports. Deutsche Bank AG decreased their price target on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Barclays PLC restated an “underweight” rating and set a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Telsey Advisory Group upped their price target on Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. Finally, Morgan Stanley lowered Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research report on Friday, May 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.57.

Shares of Choice Hotels International (NYSE CHH) traded up 1.42% on Friday, hitting $60.90. The stock had a trading volume of 44,649 shares. The company has a market cap of $3.42 billion, a PE ratio of 22.50 and a beta of 1.11. The stock’s 50-day moving average price is $63.90 and its 200 day moving average price is $62.55. Choice Hotels International has a 52 week low of $43.70 and a 52 week high of $67.80.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. On average, analysts predict that Choice Hotels International will post $2.85 EPS for the current year.

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In related news, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total value of $1,072,852.48. Following the sale, the chief executive officer now owns 176,943 shares in the company, valued at $11,150,947.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen P. Joyce sold 44,116 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total value of $2,774,014.08. Following the sale, the chief executive officer now owns 201,922 shares in the company, valued at approximately $12,696,855.36. The disclosure for this sale can be found here. Corporate insiders own 22.01% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CHH. Russell Investments Group Ltd. bought a new position in shares of Choice Hotels International during the fourth quarter worth about $130,000. Norges Bank bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $13,300,000. Parametrica Management Ltd bought a new stake in shares of Choice Hotels International during the first quarter valued at approximately $222,000. Columbus Circle Investors bought a new stake in shares of Choice Hotels International during the first quarter valued at approximately $13,311,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Choice Hotels International during the first quarter valued at approximately $628,000. Institutional investors and hedge funds own 49.70% 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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