Choice Hotels International (NYSE:CHH) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. started coverage on shares of Choice Hotels International (NYSE:CHH - Get Free Report) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set an "underweight" rating and a $124.00 price target on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 1.01% from the company's current price.

A number of other analysts have also recently weighed in on the company. Susquehanna set a $140.00 price target on Choice Hotels International and gave the company a "neutral" rating in a research note on Friday, May 16th. Robert W. Baird cut their target price on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Jefferies Financial Group dropped their price target on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley cut their price objective on shares of Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upgraded shares of Choice Hotels International from a "sell" rating to a "buy" rating and lowered their target price for the company from $141.00 to $138.00 in a report on Monday, April 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $131.31.

Choice Hotels International Stock Down 0.5%

NYSE:CHH opened at $122.76 on Monday. Choice Hotels International has a 52 week low of $116.13 and a 52 week high of $157.86. The company has a fifty day simple moving average of $126.43 and a two-hundred day simple moving average of $135.62. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 2.07 and a beta of 0.97.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The company had revenue of $332.86 million for the quarter, compared to analysts' expectations of $348.52 million. During the same quarter last year, the company earned $1.28 EPS. Choice Hotels International's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.56, for a total value of $259,120.00. Following the sale, the director now owns 52,212 shares of the company's stock, valued at approximately $6,764,586.72. The trade was a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 24.02% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ironwood Wealth Management LLC. purchased a new stake in shares of Choice Hotels International during the 4th quarter worth $216,000. CIBC Asset Management Inc purchased a new stake in shares of Choice Hotels International in the fourth quarter valued at about $214,000. Proficio Capital Partners LLC acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at approximately $1,895,000. Norden Group LLC increased its stake in shares of Choice Hotels International by 5.2% during the 4th quarter. Norden Group LLC now owns 4,500 shares of the company's stock worth $639,000 after purchasing an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Choice Hotels International by 165.5% during the 4th quarter. Jones Financial Companies Lllp now owns 600 shares of the company's stock worth $85,000 after purchasing an additional 374 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.

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.

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