Choice Hotels International (NYSE:CHH) Price Target Raised to $145.00

Choice Hotels International (NYSE:CHH) had its price objective raised by research analysts at Robert W. Baird from $138.00 to $145.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 3.92% from the company’s previous close.

CHH has been the subject of several other reports. Barclays lifted their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday. The Goldman Sachs Group upped their target price on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a report on Tuesday. Jefferies Financial Group cut shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Wednesday. Truist Financial dropped their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $128.20.

Choice Hotels International Price Performance

NYSE:CHH opened at $139.53 on Wednesday. The business’s 50-day simple moving average is $131.42 and its two-hundred day simple moving average is $124.15. The stock has a market cap of $6.59 billion, a PE ratio of 29.01, a P/E/G ratio of 2.27 and a beta of 1.24. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $149.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the prior year, the firm earned $1.82 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts forecast that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the transaction, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is owned by company insiders.

Institutional Trading of Choice Hotels International

Hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its position in shares of Choice Hotels International by 17.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after buying an additional 5,156 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Choice Hotels International by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock valued at $2,778,000 after buying an additional 8,485 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Choice Hotels International during the first quarter worth about $6,248,000. SG Americas Securities LLC grew its holdings in shares of Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after buying an additional 6,384 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Choice Hotels International by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after acquiring an additional 195,956 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.