J P Morgan Chase & Co Downgrades Choice Hotels International (CHH) to Underweight

J P Morgan Chase & Co downgraded shares of Choice Hotels International (NYSE:CHH) from a neutral rating to an underweight rating in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage currently has $72.00 price objective on the stock.

A number of other brokerages also recently commented on CHH. Barclays upped their price objective on Choice Hotels International from $60.00 to $67.00 and gave the stock an underweight rating in a research note on Tuesday, November 7th. SunTrust Banks restated a hold rating and set a $71.00 price objective on shares of Choice Hotels International in a research note on Friday, November 10th. Zacks Investment Research upgraded Choice Hotels International from a hold rating to a buy rating and set a $76.00 price objective for the company in a research note on Tuesday, October 17th. TheStreet upgraded Choice Hotels International from a c+ rating to a b rating in a research note on Wednesday, October 18th. Finally, BidaskClub upgraded Choice Hotels International from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average price target of $67.38.

Shares of Choice Hotels International (NYSE:CHH) opened at $76.20 on Wednesday. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $4,315.29, a P/E ratio of 27.14, a P/E/G ratio of 3.14 and a beta of 1.17. Choice Hotels International has a 52-week low of $53.40 and a 52-week high of $79.80.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The business had revenue of $295.09 million for the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. research analysts predict that Choice Hotels International will post 2.89 earnings per share for the current year.

In related news, major shareholder Bruce Bainum sold 250,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total transaction of $18,512,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick Pacious sold 11,149 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $75.78, for a total value of $844,871.22. Following the transaction, the chief executive officer now owns 124,073 shares of the company’s stock, valued at $9,402,251.94. The disclosure for this sale can be found here. 22.01% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after purchasing an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Choice Hotels International by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after purchasing an additional 106 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Choice Hotels International in the second quarter worth $108,000. New York State Teachers Retirement System bought a new position in shares of Choice Hotels International in the third quarter worth $192,000. Finally, Magnetar Financial LLC bought a new position in shares of Choice Hotels International in the third quarter worth $202,000. 50.83% of the stock is owned by institutional investors.

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Choice Hotels International Company Profile

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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