The Goldman Sachs Group Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price objective hoisted by equities researchers at The Goldman Sachs Group from $105.00 to $118.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 18.32% from the company’s current price.

CHH has been the topic of several other reports. Robert W. Baird set a $138.00 price target on Choice Hotels International in a research report on Thursday, October 17th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Truist Financial cut their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Barclays lifted their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, UBS Group cut their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $128.20.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $144.47 on Tuesday. The firm’s 50-day simple moving average is $131.42 and its 200 day simple moving average is $124.15. The stock has a market cap of $6.82 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.27 and a beta of 1.24. 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 fifty-two week low of $108.91 and a fifty-two week high of $149.75.

Choice Hotels International (NYSE:CHH) last released 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. The company 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 15.42% and a negative return on equity of 3,953.67%. Choice Hotels International’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. Equities analysts expect that Choice Hotels International will post 6.35 EPS for the current year.

Insider Activity

In related news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the sale, the executive vice president now owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,429 shares of company stock worth $4,866,493. 24.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Choice Hotels International

Several institutional investors and hedge funds have recently modified their holdings of CHH. Allspring Global Investments Holdings LLC raised its holdings in shares of Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Norden Group LLC raised its stake in shares of Choice Hotels International by 41.3% during the 1st quarter. Norden Group LLC now owns 3,464 shares of the company’s stock worth $438,000 after purchasing an additional 1,013 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Choice Hotels International by 62.8% during the 1st quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after purchasing an additional 8,485 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Choice Hotels International by 8.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,193 shares of the company’s stock valued at $5,205,000 after buying an additional 3,201 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Choice Hotels International by 6.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $545,000 after buying an additional 246 shares in the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

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.