Choice Hotels International, In (NYSE:CHH):
Cambria Hotels Opens in Newport, R.I..
The company is now down since yesterday’s close of $65.05.
The company also recently declared a dividend that will be paid on Tue Jul 18, 2017. The dividend payment will be $0.215 per share for the quarter which is $0.86 annualized. This dividend amount will represent a yeild of $1.34. The ex-dividend date will be on Thursday March 30th, 2017.
Choice Hotels International, Inc. (Choice), launched on December 12, 1980, is a hotel franchisor. The Business’s segments include Hotel Franchising, SkyTouch Technology (SkyTouch) and Corporate & Other. Choice franchises lodging properties under various 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 (collectively, the Choice brands). The Company had 6,514 hotels open and 775 hotels under construction, awaiting conversion or approved for development as of December 31, 2016 representing 516,122 rooms open and 62,547 rooms under construction, awaiting conversion or approved for development in 50 states, the District of Columbia and over 40 countries and territories outside the United States. The Business’s domestic franchising operations are conducted through direct franchising relationships while its international franchise operations are conducted through a combination of direct franchising and master franchising relationships..
Shares are trading at $64.15 just above $64.03, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $59.62. The 50 day moving average went up $0.12 or +0.19% and the 200 day average moved up $4.53.
The most current P/E ratio is 24.63 and the market cap is 3.60B. As of the latest earnings report the EPS was $2.61 and is estimated to be $2.84 for the current year with 56,046,000 shares now outstanding. Next quarter’s EPS is expected be $0.94 and the next full year EPS is anticipated to be $3.09.
Several Wall Street analysts have provided guidance on the stock. On December 5, 2016 the stock rating was set at “Neutral” in a report from MKM Partners up from the previous “Sell” rating. On September 26 the company was upgraded to “Equal-weight” from “” in an announcement from Morgan Stanley.
Equity analyst Wolfe Research starting coverage on CHH setting a rating of “Peer Perform”. On February 19 the stock rating was upgraded from “Underperform” to “Neutral” and a price target of $46.00 was set in a report issued by JP Morgan.
Equity analyst JP Morgan both upgraded the stock and raised the price target on February 19 boosting the price target from $43.00 to $46.00 and setting the rating at “Neutral” which had previously been “Underperform”. February 19 investment analysts at Deutsche Bank made no change to the company rating of “Hold” but lowered the price target from $56.00 to $52.00.