In a report released yesterday, Joseph Greff from J.P. Morgan maintained a Sell rating on Choice Hotels (CHH – Research Report), with a price target of $122.00. The company’s shares closed yesterday at $140.25.
According to TipRanks, Greff is a 4-star analyst with an average return of 7.8% and a 50.82% success rate. Greff covers the Consumer Cyclical sector, focusing on stocks such as Hyatt Hotels, Choice Hotels, and MGM Resorts.
In addition to J.P. Morgan, Choice Hotels also received a Sell from Barclays’s Brandt Montour in a report issued today. However, on the same day, Truist Financial maintained a Hold rating on Choice Hotels (NYSE: CHH).
Based on Choice Hotels’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $435.16 million and a net profit of $86.7 million. In comparison, last year the company earned a revenue of $427.42 million and had a net profit of $84.71 million
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHH in relation to earlier this year. Last month, Dominic Dragisich, the EVP, Op & Chief Glb Brands Ofc of CHH sold 9,138.00 shares for a total of $1,232,533.44.
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Choice Hotels (CHH) Company Description:
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. The Corporate and Other segment deals with SkyTouch technology and international operations. The company was founded in 1939 and is headquartered in Rockville, MD.
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