Choice Hotels International (NYSE:CHH) Rating Lowered to Neutral at Bank of America

Bank of America cut shares of Choice Hotels International (NYSE:CHH) from a buy rating to a neutral rating in a research report released on Wednesday, 24/7 WallStreet reports. Bank of America currently has $86.07 target price on the stock. The analysts noted that the move was a valuation call.

A number of other research analysts also recently commented on CHH. SunTrust Banks upped their price objective on shares of Choice Hotels International from $80.00 to $87.00 and gave the company a hold rating in a research note on Tuesday, February 19th. Deutsche Bank restated a hold rating and issued a $76.00 price target on shares of Choice Hotels International in a report on Sunday, February 17th. Finally, Zacks Investment Research cut Choice Hotels International from a buy rating to a hold rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $83.23.

Shares of NYSE CHH opened at $84.70 on Wednesday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.08 and a beta of 1.04. Choice Hotels International has a one year low of $66.71 and a one year high of $87.64.



Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, May 9th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $218.30 million for the quarter, compared to analyst estimates of $221.84 million. Choice Hotels International had a net margin of 21.08% and a negative return on equity of 124.30%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. As a group, sell-side analysts predict that Choice Hotels International will post 4.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.11%.

In other Choice Hotels International news, SVP Simone Wu sold 24,773 shares of Choice Hotels International stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $83.67, for a total value of $2,072,756.91. Following the completion of the transaction, the senior vice president now owns 53,255 shares in the company, valued at approximately $4,455,845.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Bonds sold 5,102 shares of Choice Hotels International stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $82.01, for a total value of $418,415.02. Following the completion of the transaction, the insider now owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The disclosure for this sale can be found here. Company insiders own 24.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its position in shares of Choice Hotels International by 47.1% during the first quarter. Federated Investors Inc. PA now owns 165,610 shares of the company’s stock worth $12,874,000 after acquiring an additional 53,014 shares during the last quarter. BlackRock Inc. raised its position in shares of Choice Hotels International by 0.6% during the fourth quarter. BlackRock Inc. now owns 1,581,985 shares of the company’s stock worth $113,240,000 after acquiring an additional 9,674 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of Choice Hotels International by 123.8% during the fourth quarter. Gotham Asset Management LLC now owns 141,675 shares of the company’s stock worth $10,141,000 after acquiring an additional 78,379 shares during the last quarter. Millennium Management LLC raised its position in shares of Choice Hotels International by 76.1% during the fourth quarter. Millennium Management LLC now owns 95,631 shares of the company’s stock worth $6,845,000 after acquiring an additional 41,328 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C raised its position in shares of Choice Hotels International by 79.5% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,265,458 shares of the company’s stock worth $233,741,000 after acquiring an additional 1,446,073 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

About Choice Hotels International

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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