Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price target boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $113.00 to $114.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 21.09% from the company’s current price.

CHH has been the subject of several other research reports. Barclays lowered their price target on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. UBS Group cut their price target 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. The Goldman Sachs Group started coverage on shares of Choice Hotels International in a report on Wednesday, September 18th. They issued a “sell” rating and a $105.00 price objective for the company. Finally, Robert W. Baird set a $138.00 target price on Choice Hotels International in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $128.20.

Choice Hotels International Trading Up 3.6 %

NYSE:CHH opened at $144.47 on Tuesday. Choice Hotels International has a one year low of $108.91 and a one year high of $149.75. The company’s 50-day simple moving average is $131.42 and its 200 day simple moving average is $124.15. The firm has a market capitalization of $6.82 billion, a P/E ratio of 27.61, a PEG ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the previous year, the firm posted $1.82 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts forecast that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other news, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company’s stock, valued at $2,441,340. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now directly owns 45,669 shares in the company, valued at $5,940,623.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares during the period. Blue Trust Inc. lifted its stake in shares of Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Covestor Ltd lifted its stake in shares of Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Choice Hotels International by 1,146.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after buying an additional 367 shares in the last quarter. 65.57% of the stock is currently owned by 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.