Choice Hotels International, Inc. (NYSE:CHH) Receives $136.33 Average Target Price from Brokerages

Shares of Choice Hotels International, Inc. (NYSE:CHH) have received a consensus recommendation of “Reduce” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $139.92.

A number of research firms have issued reports on CHH. Wells Fargo & Company increased their price objective on Choice Hotels International from $133.00 to $138.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Robert W. Baird increased their price objective on Choice Hotels International from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group increased their price objective on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Barclays increased their price objective on Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $129.00 price objective (down previously from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th.

Choice Hotels International Stock Down 1.5 %

Shares of Choice Hotels International stock opened at $148.02 on Friday. The company has a market cap of $6.92 billion, a PE ratio of 23.76, a P/E/G ratio of 1.90 and a beta of 1.23. The business has a 50 day moving average of $145.25 and a 200 day moving average of $138.97. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $389.77 million during the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. On average, research analysts anticipate that Choice Hotels International will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.78%. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.46%.

Institutional Investors Weigh In On Choice Hotels International

Several institutional investors have recently modified their holdings of the business. Castlekeep Investment Advisors LLC purchased a new stake in shares of Choice Hotels International during the fourth quarter valued at $1,109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Choice Hotels International by 10.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,625 shares of the company’s stock valued at $14,145,000 after buying an additional 9,474 shares during the last quarter. Voloridge Investment Management LLC boosted its position in shares of Choice Hotels International by 36.0% during the fourth quarter. Voloridge Investment Management LLC now owns 60,740 shares of the company’s stock valued at $8,624,000 after buying an additional 16,067 shares during the last quarter. Sophron Capital Management L.P. purchased a new stake in shares of Choice Hotels International during the fourth quarter valued at $7,736,000. Finally, Redwood Investment Management LLC purchased a new position in Choice Hotels International in the fourth quarter worth about $5,123,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.