Choice Hotels (CHH) Gets a Hold Rating from Deutsche Bank
Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on Choice Hotels (CHH) on August 6 and set a price target of $83. The company’s shares opened today at $86.74, close to its 52-week high of $90.05.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.7% and a 56.6% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings Inc, and Marriott International.
Choice Hotels has an analyst consensus of Hold, with a price target consensus of $84.25, implying a -2.9% downside from current levels. In a report released yesterday, SunTrust Robinson also maintained a Hold rating on the stock with a $88 price target.
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Based on Choice Hotels’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $74.39 million. In comparison, last year the company had a net profit of $79.38 million.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.
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Choice Hotels International, Inc. engages in hotel franchising and operations business. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands.