Choice Hotels International (NYSE:CHH) Price Target Raised to $138.00

Choice Hotels International (NYSE:CHH) had its price objective lifted by Wells Fargo & Company from $133.00 to $138.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an underweight rating on the stock.

CHH has been the subject of several other research reports. Susquehanna upped their target price on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays upped their price objective on Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their target price on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price target on Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird boosted their price target on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Choice Hotels International has an average rating of “Hold” and a consensus target price of $136.33.

Choice Hotels International Stock Up 3.0 %

CHH stock opened at $155.67 on Tuesday. The business’s 50-day moving average price is $144.67 and its 200-day moving average price is $136.63. The stock has a market cap of $7.30 billion, a P/E ratio of 29.82, a PEG ratio of 1.84 and a beta of 1.23. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $155.98.

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

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.74%. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Institutional Trading of Choice Hotels International

Several hedge funds have recently modified their holdings of the company. Boston Trust Walden Corp raised its holdings in shares of Choice Hotels International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock worth $134,822,000 after acquiring an additional 9,490 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after acquiring an additional 111,903 shares in the last quarter. Raymond James & Associates increased its position in shares of Choice Hotels International by 45.4% during the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after purchasing an additional 113,951 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Choice Hotels International during the 4th quarter valued at approximately $48,201,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Choice Hotels International by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company’s stock valued at $39,634,000 after purchasing an additional 2,725 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

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.