Choice Hotels International Inc (NYSE:CHH) – Analysts at Jefferies Financial Group lifted their Q1 2021 earnings per share estimates for Choice Hotels International in a research note issued on Monday, September 14th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings per share of $0.63 for the quarter, up from their prior estimate of $0.62. Jefferies Financial Group also issued estimates for Choice Hotels International’s Q2 2021 earnings at $0.82 EPS and Q4 2021 earnings at $0.76 EPS.
Several other equities analysts also recently commented on CHH. Wells Fargo & Company reissued a “buy” rating and issued a $104.00 target price (up previously from $95.00) on shares of Choice Hotels International in a report on Friday, August 21st. Barclays boosted their target price on shares of Choice Hotels International from $73.00 to $82.00 and gave the stock an “underweight” rating in a report on Monday, June 22nd. Zacks Investment Research downgraded shares of Choice Hotels International from a “hold” rating to a “strong sell” rating and set a $74.00 target price on the stock. in a report on Tuesday, July 28th. Morgan Stanley boosted their price target on shares of Choice Hotels International from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 11th. Finally, Gordon Haskett began coverage on shares of Choice Hotels International in a research report on Thursday, June 25th. They issued a “hold” rating and a $80.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.14.
CHH stock opened at $98.73 on Wednesday. Choice Hotels International has a one year low of $46.25 and a one year high of $109.26. The company’s fifty day moving average price is $93.96 and its 200-day moving average price is $81.08. The company has a market capitalization of $5.47 billion, a PE ratio of 32.26 and a beta of 1.47.
Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.19). Choice Hotels International had a negative return on equity of 426.09% and a net margin of 18.07%. The company had revenue of $151.70 million during the quarter, compared to analysts’ expectations of $169.68 million. During the same period last year, the firm posted $1.19 EPS. Choice Hotels International’s quarterly revenue was down 52.2% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of CHH. FinTrust Capital Advisors LLC bought a new position in Choice Hotels International during the first quarter valued at $33,000. Capital Analysts LLC bought a new position in Choice Hotels International during the second quarter valued at $33,000. Captrust Financial Advisors bought a new position in Choice Hotels International during the second quarter valued at $41,000. Lenox Wealth Advisors LLC bought a new position in Choice Hotels International during the second quarter valued at $49,000. Finally, Dupont Capital Management Corp bought a new position in Choice Hotels International during the second quarter valued at $99,000. Institutional investors and hedge funds own 58.72% of the company’s stock.
In other Choice Hotels International news, insider David A. Pepper sold 25,895 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $94.93, for a total transaction of $2,458,212.35. Following the transaction, the insider now owns 116,974 shares in the company, valued at $11,104,341.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.73% of the company’s stock.
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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