Choice Hotels downgraded by JP Morgan with a new price target
$CHH
Hotels/Resorts
Consumer Discretionary
JP Morgan downgraded Choice Hotels from Neutral to Underweight and set a new price target of $120.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $150.00 | Buy → Hold | Jefferies |
| 9/18/2024 | $105.00 | Sell | Goldman |
| 7/19/2024 | $120.00 | Neutral → Underweight | JP Morgan |
| 6/21/2024 | $125.00 | Neutral | Susquehanna |
| 3/11/2024 | $96.00 → $156.00 | Underperform → Buy | Jefferies |
| 1/2/2024 | $119.00 → $96.00 | Hold → Underperform | Jefferies |
| 12/14/2023 | $115.00 | Underweight → Neutral | JP Morgan |
| 10/23/2023 | $131.00 | Hold | HSBC Securities |
Choice Hotels Intl (NYSE:CHH) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Choice Hotels Intl, presenting an average target of $127.6, a high estimate of $144.
JP Morgan analyst Joseph Greff downgrades Choice Hotels Intl (NYSE:CHH) from Neutral to Underweight and announces $120 price target.
The notes will mature on August 1, 2034, will bear interest at a rate of 5.850%, and will be issued at 98.929% of par value. The notes will be unsecured, unsubordinated obligations of the Company.
Jefferies downgraded Choice Hotels from Buy to Hold and set a new price target of $150.00
Goldman initiated coverage of Choice Hotels with a rating of Sell and set a new price target of $105.00
JP Morgan downgraded Choice Hotels from Neutral to Underweight and set a new price target of $120.00
Drives EPS Growth of 23% Year-over-Year Raises Full-year 2024 Net Income, EPS, and RevPAR Guidance NORTH BETHESDA, Md., Nov. 4, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's leading lodging franchisors, today reported its third quarter 2024 results. Highlights include: Total revenues reached $428.0 million for third quarter 2024, a quarterly record and a 1% increase compared to the same period of 2023.Net income increased 15% to $105.7 million for third quarter 2024, representing diluted earnings per share (EPS) of $2.22, a quarterly re
NORTH BETHESDA, Md., Oct. 17, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, will report its third quarter 2024 earnings results at approximately 6:30 a.m. EST on Monday, November 4, 2024. The company will also hold a conference call at 10 a.m. EST, during which Patrick Pacious, president and chief executive officer, and Scott Oaksmith, chief financial officer, Choice Hotels, will discuss the company's performance. To participate in the teleconference, please dial (800) 549-8228 (domestic) or (646) 564-2877 (i
Board Approves Dividend of $0.2875 Per Share on the Company's Common Stock NORTH BETHESDA, Md., Sept. 11, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's leading lodging franchisors, announced that its board of directors has declared a cash dividend of $0.2875 per share on the company's common stock. The dividend is payable on October 16, 2024, to shareholders of record on October 1, 2024. About Choice Hotels® Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. The challenger in upscale
NORTH BETHESDA, Md., Nov. 18, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) today announced two new contracts as part of its Supporting Ownership Access and Representation (SOAR) program, which aims to help empower and support hotel ownership for underrepresented entrepreneurs. The new contracts – a WoodSpring Suites in Truth or Consequences, New Mexico, and a Rodeway Inn in Effingham, Illinois – are part of the 17 SOAR contracts signed year-to-date. During the first 15 years of the SOAR program, Choice averaged 1 contract per month and has increased that to an average of 2 per month in the last five years.
With new properties in California, Tennessee, Missouri, Oregon, and Washington, Cambria Hotels cements Choice as player to watch in upscale NORTH BETHESDA, Md., Nov. 13, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH) continues to achieve cross-country growth in the upscale segment with three new Cambria Hotel openings and two groundbreakings this fall. The recently opened properties, located in Imperial, California; Pigeon Forge, Tennessee; and Spokane, Washington, and upcoming groundbreakings in O'Fallon, Missouri and Bend, Oregon introduce Cambria into new markets and build on Choice's goal to bring the brand to more regions nationwide.
Drives EPS Growth of 23% Year-over-Year Raises Full-year 2024 Net Income, EPS, and RevPAR Guidance NORTH BETHESDA, Md., Nov. 4, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's leading lodging franchisors, today reported its third quarter 2024 results. Highlights include: Total revenues reached $428.0 million for third quarter 2024, a quarterly record and a 1% increase compared to the same period of 2023.Net income increased 15% to $105.7 million for third quarter 2024, representing diluted earnings per share (EPS) of $2.22, a quarterly re
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Choice Hotels reinforces its leadership and first-mover advantage in extended stay with groundbreakings in Texas, Kansas, and Kentucky NORTH BETHESDA, Md., Aug. 20, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, continues to strengthen its leadership position in extended stay with three new Everhome Suites breaking ground in San Antonio, Texas; Bowling Green, Kentucky; and Wichita, Kansas. All three were developed in collaboration with Highside Companies. These groundbreakings, along with eight others earlier this year, demonstrate Choice's first-mover advantage in the category, continuing to capitalize on extended stay dema
After 3.9 million points redeemed for college football experiences, rewards program continues expanding exclusive sports opportunities for members NORTH BETHESDA, Md., Jan. 31, 2024 /PRNewswire/ -- Choice Privileges, the award-winning rewards program of Choice Hotels International, Inc. (NYSE:CHH), announced a sponsorship with Trackhouse Racing for the 2024 NASCAR Cup series season. As part of the continued reinvigoration of the program, Choice Privileges is offering exclusive VIP passes, grandstand tickets, merchandise and more for races throughout the season. Choice Privileges is increasingly strengthening rewards and opportunities for members following the successful college football, bas
Move Comes as Company Continues to Expand Global Portfolio ROCKVILLE, Md., Nov. 13, 2023 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE:CHH), one of the world's largest lodging franchisors, has named Ricardo Losada Revol as Senior Vice President and General Manager, International. A veteran finance and international business development executive, Mr. Losada Revol joins Choice as the company continues to expand its global footprint. In the newly created role, Mr. Losada Revol is charged with driving the growth and performance of Choice's international segment, which n
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