Shares of Choice Hotels International Inc. (NYSE:CHH) traded today at $152.07, eclipsing its 12-month high. Approximately 167,000 shares have changed hands today, as compared to an average 30-day volume of 275,000 shares.
Choice Hotels International Inc. defies analysts with a current price ($151.10) 42.9% above its average consensus price target of $86.27.
In the past 12 months, Choice Hotels International Inc. share prices are bracketed by a low of $92.19 and a high of $152.07 and is now at $151.10, 64% above that low price.
As of June 30, 2021, Choice Hotels operated 601,245 rooms across 13 brands addressing the economy and midscale segments. Comfort Inn and Comfort Suites are the largest brands (28% of the company’s total domestic rooms), while Ascend and Cambria (8% of total domestic rooms) are newer lifestyle and select-service brands experiencing strong demand prior to COVID-19. Choice added its 13th brand with the launch of extended-stay brand Everhome in January 2020. Franchises are 99% of total revenue, and the United States represents 78% of total rooms.
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