Choice Hotels International (NYSE:CHH) Stock Price Expected to Rise, Truist Financial Analyst Says

Choice Hotels International (NYSE:CHH) had its price target boosted by analysts at Truist Financial from $134.00 to $136.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential downside of 8.72% from the company’s current price.

CHH has been the subject of a number of other research reports. Susquehanna upped their price target on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Robert W. Baird upped their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, UBS Group decreased their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $130.45.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $149.00 on Wednesday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.36 and a beta of 1.23. The firm’s 50 day simple moving average is $140.40 and its 200-day simple moving average is $128.39. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $153.81.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. Analysts expect that Choice Hotels International will post 6.84 EPS for the current year.

Insider Activity at Choice Hotels International

In other news, EVP Dominic Dragisich sold 9,138 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the completion of the transaction, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. This represents a 11.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $48,709,646.42. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock valued at $9,788,980 over the last 90 days. 24.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in Choice Hotels International by 129.4% in the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after buying an additional 141 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after acquiring an additional 367 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Choice Hotels International during the third quarter worth approximately $55,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Choice Hotels International in the 2nd quarter valued at $56,000. 65.57% of the stock is owned by institutional investors and hedge funds.

About Choice Hotels International

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.