Choice Hotels (NYSE: CHH) was upgraded by research analysts at MKM Partners from a “sell” rating to a “neutral” rating in a report released on Monday.
Shares of Choice Hotels opened at 35.16 on Monday. Choice Hotels has a 52 week low of $26.31 and a 52 week high of $39.45. The company has a market cap of $2.021 billion and a P/E ratio of 18.13.
Choice Hotels last announced its earnings results on Thursday, April 26th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.03. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Choice Hotels will post $0.73 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Choice Hotels from $34.00 to $39.00 in a research note to investors on Sunday, April 29th. They now have a “hold” rating on the stock. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Choice Hotels in a research note to investors on Friday, April 27th.
Choice Hotels International, Inc. (Choice) is a hotel franchisors. During the year ended December 31, 2010, Choice had 6,142 hotels open and 621 hotels under construction, representing 495,145 rooms open and 50,787 rooms under construction, in 49 states, the District of Columbia and over 35 countries and territories outside the United States.
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