Bank of America Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price objective lifted by Bank of America from $160.00 to $165.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target would suggest a potential upside of 11.00% from the stock’s previous close.

Several other research firms also recently commented on CHH. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. 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 report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays lifted their price target on Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Choice Hotels International presently has an average rating of “Hold” and an average target price of $135.92.

Choice Hotels International Price Performance

NYSE CHH opened at $148.64 on Monday. The stock has a market capitalization of $6.97 billion, a PE ratio of 28.48, a P/E/G ratio of 2.22 and a beta of 1.24. The business has a 50 day simple moving average of $144.73 and a two-hundred day simple moving average of $135.74. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $153.81.

Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the previous year, the company posted $1.82 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts anticipate that Choice Hotels International will post 6.84 EPS for the current fiscal year.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $58,551,123.54. The trade was a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 24.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Choice Hotels International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC increased its position in Choice Hotels International by 12.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock worth $110,000 after purchasing an additional 96 shares during the period. Huntington National Bank boosted its position in shares of Choice Hotels International by 4.7% in the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock worth $295,000 after buying an additional 101 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Choice Hotels International by 5.5% in the fourth quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company’s stock valued at $300,000 after purchasing an additional 110 shares in the last quarter. Aurora Investment Managers LLC. raised its holdings in shares of Choice Hotels International by 0.9% in the third quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock worth $1,624,000 after acquiring an additional 113 shares during the last quarter. Finally, Malaga Cove Capital LLC raised its stake in Choice Hotels International by 8.0% in the 3rd quarter. Malaga Cove Capital LLC now owns 2,034 shares of the company’s stock valued at $265,000 after purchasing an additional 150 shares during the last quarter. 65.57% of the stock is 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.