Choice Hotels International (NYSE:CHH) Rating Lowered to Neutral at UBS Group

Choice Hotels International (NYSE:CHHGet Rating) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $124.00 target price on the stock, down from their prior target price of $167.00. UBS Group’s price target would indicate a potential upside of 3.75% from the company’s current price.

CHH has been the subject of a number of other reports. Barclays assumed coverage on Choice Hotels International in a research note on Tuesday, June 28th. They issued an “underweight” rating and a $107.00 target price for the company. StockNews.com downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Monday, May 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Choice Hotels International from $131.00 to $128.00 in a research note on Wednesday, May 11th. Finally, Robert W. Baird cut their target price on Choice Hotels International from $138.00 to $133.00 and set a “neutral” rating for the company in a research note on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.33.

Choice Hotels International Stock Up 1.5 %

NYSE CHH opened at $119.52 on Tuesday. The business has a fifty day moving average price of $118.76 and a 200 day moving average price of $132.19. Choice Hotels International has a one year low of $108.70 and a one year high of $157.46. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $6.67 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.69 and a beta of 1.32.

Choice Hotels International (NYSE:CHHGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.93 by $0.10. Choice Hotels International had a return on equity of 119.10% and a net margin of 29.19%. The firm had revenue of $257.73 million during the quarter, compared to the consensus estimate of $253.04 million. During the same period in the prior year, the company earned $0.57 EPS. The firm’s revenue was up 40.9% compared to the same quarter last year. Research analysts anticipate that Choice Hotels International will post 5.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Choice Hotels International by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,221,517 shares of the company’s stock valued at $456,682,000 after acquiring an additional 9,932 shares during the period. BlackRock Inc. boosted its holdings in Choice Hotels International by 1.7% during the 1st quarter. BlackRock Inc. now owns 2,860,476 shares of the company’s stock valued at $405,500,000 after acquiring an additional 46,819 shares during the period. Invesco Ltd. boosted its holdings in Choice Hotels International by 51.6% during the 1st quarter. Invesco Ltd. now owns 1,740,428 shares of the company’s stock valued at $246,722,000 after acquiring an additional 592,654 shares during the period. Rock Creek Group LP boosted its holdings in Choice Hotels International by 241.5% during the 1st quarter. Rock Creek Group LP now owns 906,979 shares of the company’s stock valued at $128,573,000 after acquiring an additional 641,379 shares during the period. Finally, State Street Corp boosted its holdings in Choice Hotels International by 5.8% during the 1st quarter. State Street Corp now owns 894,468 shares of the company’s stock valued at $127,007,000 after acquiring an additional 49,022 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

(Get Rating)

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It 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, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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