Choice Hotels (NYSE: CHH) Downgraded by Wells Fargo to Market Perform
Friday, April 29, 2022 4:00 PM

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Wells Fargo downgraded Choice Hotels International Inc. (NYSE: CHH) to Market Perform from Outperform citing valuation and a lack of growth catalysts. The firm lowered its target range for shares to $40-$42 from $42-$44.

Adjusted diluted earnings per share for first quarter 2011 were $0.28 compared with $0.27 for the same period of the prior year.  Diluted EPS were $0.26 for first quarter compared with $0.26 for first quarter 2010.  Adjusted diluted EPS for first quarter 2011 and 2010, which exclude certain special items, totaled $0.02 and $0.01, respectively.

The shares of the company were last traded at $41.20, up 2.62 percent Thursday. CHH has a 52-week low of $29.25 and a 52-week high of $41.42. The company has a total market cap of $2.37 billion. The price to earnings ratio of the company is 21.94, and the PEG ratio is -0.010.

Choice Hotels International Inc. and subsidiaries operate as a hotel franchisor worldwide. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria Suites, and Ascend Collection. It was formerly known as Choice Hotels Franchising Inc. and changed its name to Choice Hotels International, Inc. The company was founded in 1981 and is based in Silver Spring, Maryland.

 

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