Choice Hotels International (NYSE:CHH) Upgraded to “Neutral” at Redburn Atlantic

Choice Hotels International (NYSE:CHH) was upgraded by analysts at Redburn Atlantic from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $132.00 price target on the stock. Redburn Atlantic’s price objective would indicate a potential upside of 1.82% from the stock’s current price.

Several other research analysts have also recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Bank of America raised their price objective on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Robert W. Baird upped their target price on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price target on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group boosted their price target on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $140.62.

Choice Hotels International Trading Down 0.3 %

NYSE:CHH opened at $129.65 on Monday. The stock has a 50 day simple moving average of $143.92 and a 200 day simple moving average of $140.58. The stock has a market cap of $6.06 billion, a P/E ratio of 20.81, a PEG ratio of 1.90 and a beta of 1.25. Choice Hotels International has a 1-year low of $109.22 and a 1-year high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $374.24 million. As a group, sell-side analysts forecast that Choice Hotels International will post 7.07 EPS for the current year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its holdings in shares of Choice Hotels International by 33.4% during the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after purchasing an additional 4,219 shares during the period. TD Private Client Wealth LLC raised its position in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after purchasing an additional 3,446 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Choice Hotels International during the 3rd quarter worth about $19,545,000. Twelve Points Wealth Management LLC bought a new stake in shares of Choice Hotels International in the 4th quarter valued at about $879,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at about $2,258,000. 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.