Streetbeat News

CHH

Choice Hotels International, Inc.

https://www.choicehotels.com

Industry

Travel Lodging

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. The company also develops and markets cloud-based property management software to non-franchised hoteliers. As of March 31, 2022, it had approximately 7,000 hotels with approximately 600,000 rooms in 35 countries and territories. Choice Hotels International, Inc. was founded in 1939 and is headquartered in Rockville, Maryland.

Open

143.96

Mkt cap

6.8B

Volume

261K

High

146.12

P/E Ratio

27.87

52-wk high

149.75

Low

143.96

Div yield

0.01

52-wk low

108.91

Five analysts have recently shared their views on Choice Hotels Intl (NYSE:CHH), with ratings ranging from somewhat bullish to somewhat bearish. The average 12-month price target has dropped by 5.67% to $126.4. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:00 pm

Susquehanna analyst Christopher Stathoulopoulos has initiated coverage on Choice Hotels Intl (NYSE:CHH) with a Neutral rating and set a price target of $125.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 10:49 am

Eight financial analysts have shared their evaluations of Choice Hotels Intl (NYSE:CHH) over the past three months, showing a mix of bullish and bearish perspectives. The average 12-month price target has increased to $133.88, reflecting a 3.88% rise from the previous target. Analysts have adjusted their ratings and price targets, with some lowering and others raising their estimates. Key financial metrics indicate challenges in revenue growth and asset utilization, but strong return on equity.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 3:00 pm

Truist Securities has maintained a Hold rating on Choice Hotels International (NYSE: CHH) but has lowered the price target from $146 to $144.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:05 pm

Deutsche Bank analyst Carlo Santarelli maintains a Hold rating on Choice Hotels Intl (CHH) and lowers the price target from $128 to $112.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:58 pm

U.S. stocks are set for a mixed open amid mixed earnings and anticipation of Federal Reserve officials' speeches. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed slight premarket movements. Arista Networks (ANET) saw a significant premarket jump following its earnings announcement, while other companies like Electronic Arts (EA) and Coupang (CPNG) experienced declines. The market's focus remains on central bank officials' comments on rates and inflation, with traders hopeful for rate cuts.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 11:13 am

Choice Hotels Intl (NYSE:CHH) reported Q1 2024 adjusted EPS of $1.28, surpassing the $1.14 estimate, marking a 14.29% increase from last year. However, sales of $331.949M fell short of the $343.166M estimate, a slight 0.25% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:32 am

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

Choice Hotels International, Inc. (NYSE:CHH) announced the relaunch of Park Inn by Radisson during its 68th Annual Convention. This move, following the acquisition of Radisson Hotels Americas in 2022, aims to reposition Park Inn into the premium value conversion space, targeting younger, value-conscious travelers. The relaunch emphasizes a guest experience filled with color, connectivity, and convenience, offering features like fast Wi-Fi, smoke-free environments, and grab & go breakfast options. The first contract under the relaunched brand has been awarded in San Antonio, Texas, with high interest for future expansion. Choice Hotels now leverages its global reservation channels and franchisee support for the Radisson Hotels Americas brands, enhancing digital traffic and bookings while reducing OTA fees. Park Inn by Radisson will also integrate into the Choice Privileges rewards program, offering points that can be redeemed at over 7,000 Choice-branded hotels.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:06 pm

Baird analyst Michael Bellisario has maintained an Outperform rating on Choice Hotels Intl (NYSE:CHH) but lowered the price target from $140 to $137.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:45 am

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