Robert W. Baird Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price target boosted by stock analysts at Robert W. Baird from $145.00 to $160.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 9.43% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley restated an “underweight” rating and set a $129.00 price target (down previously from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Barclays boosted their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Truist Financial upped their target price on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Five 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $139.92.

Choice Hotels International Trading Down 1.3 %

NYSE:CHH opened at $146.21 on Tuesday. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $157.86. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The stock has a fifty day simple moving average of $145.38 and a 200-day simple moving average of $139.02.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The company had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. As a group, equities research analysts predict that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Choice Hotels International by 81.4% during the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after buying an additional 179 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after buying an additional 86 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Choice Hotels International during the 3rd quarter worth approximately $55,000. Tortoise Investment Management LLC grew its stake in Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after buying an additional 154 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.