Choice Hotels International (NYSE:CHH) Earns “Hold” Rating from Morgan Stanley

Morgan Stanley reiterated their hold rating on shares of Choice Hotels International (NYSE:CHH) in a research report report published on Wednesday morning, AnalystRatings.com reports. They currently have a $81.00 target price on the stock.

Several other research firms also recently commented on CHH. Zacks Investment Research raised Choice Hotels International from a hold rating to a buy rating and set a $97.00 target price on the stock in a report on Thursday, September 5th. Barclays boosted their target price on Choice Hotels International from $81.00 to $85.00 and gave the stock an underweight rating in a report on Wednesday, August 14th. ValuEngine raised Choice Hotels International from a strong sell rating to a sell rating in a report on Friday, November 1st. Wells Fargo & Co dropped their target price on Choice Hotels International from $90.00 to $88.00 and set a market perform rating on the stock in a report on Friday, October 18th. Finally, Bank of America boosted their target price on Choice Hotels International from $90.00 to $95.00 and gave the stock a neutral rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Choice Hotels International presently has a consensus rating of Hold and a consensus price target of $88.11.

CHH stock traded down $0.49 during midday trading on Wednesday, hitting $90.92. The stock had a trading volume of 317,931 shares, compared to its average volume of 306,862. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 2.70 and a beta of 0.92. The business has a 50-day moving average of $88.33 and a two-hundred day moving average of $87.25. Choice Hotels International has a 52-week low of $66.71 and a 52-week high of $94.78.

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

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The business also recently announced a — dividend, which was paid on Thursday, October 17th. Shareholders of record on Wednesday, October 2nd were issued a $0.215 dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is 22.11%.

In other news, insider Robert J. Mcdowell sold 11,585 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $88.37, for a total transaction of $1,023,766.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick Cimerola sold 5,602 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $90.20, for a total value of $505,300.40. Following the transaction, the insider now directly owns 24,926 shares in the company, valued at $2,248,325.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,878 shares of company stock worth $2,823,872. Corporate insiders own 24.90% of the company’s stock.

Several large investors have recently made changes to their positions in CHH. Cullen Frost Bankers Inc. bought a new position in Choice Hotels International in the second quarter valued at about $26,000. Advisor Group Inc. lifted its holdings in Choice Hotels International by 110.8% in the second quarter. Advisor Group Inc. now owns 331 shares of the company’s stock valued at $29,000 after acquiring an additional 174 shares during the period. Quest Capital Management Inc. ADV bought a new position in Choice Hotels International in the third quarter valued at about $43,000. Glen Harbor Capital Management LLC bought a new position in Choice Hotels International in the second quarter valued at about $54,000. Finally, Tyers Asset Management LLC bought a new position in Choice Hotels International in the second quarter valued at about $75,000. 59.58% of the stock is currently 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 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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