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

Choice Hotels International (NYSE:CHH) had its target price hoisted by Barclays from $112.00 to $123.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 14.86% from the company’s current price.

A number of other research firms also recently commented on CHH. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a research note on Friday, July 19th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday. Truist Financial lowered their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, UBS Group reduced their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $128.20.

Choice Hotels International Stock Performance

Shares of NYSE:CHH opened at $144.47 on Tuesday. 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 has a 12-month low of $108.91 and a 12-month high of $149.75. The company’s 50 day moving average price is $131.42 and its two-hundred day moving average price is $124.15. The firm has a market cap of $6.82 billion, a PE ratio of 27.61, a PEG ratio of 2.27 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 3,953.67% and a net margin of 15.42%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. Equities research analysts predict that Choice Hotels International will post 6.35 earnings per share for the current year.

Insider Buying and Selling

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total value 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 trade represents a 0.00 % 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. In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 18,084 shares of the company’s stock, valued at $2,441,340. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock worth $4,866,493 in the last 90 days. Insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in Choice Hotels International during the 3rd quarter worth approximately $358,000. Huntington National Bank raised its stake in Choice Hotels International by 4.7% during the third quarter. Huntington National Bank now owns 2,267 shares of the company’s stock worth $295,000 after buying an additional 101 shares during the last quarter. Versor Investments LP acquired a new position in Choice Hotels International in the third quarter valued at $860,000. Venturi Wealth Management LLC boosted its position in Choice Hotels International by 42.0% during the third quarter. Venturi Wealth Management LLC now owns 2,481 shares of the company’s stock valued at $323,000 after acquiring an additional 734 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Choice Hotels International by 20.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,288 shares of the company’s stock worth $298,000 after acquiring an additional 385 shares during the period. 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.