Wells Fargo & Company Boosts Choice Hotels International (NYSE:CHH) Price Target to $138.00

Choice Hotels International (NYSE:CHH) had its price target hoisted by stock analysts at Wells Fargo & Company from $133.00 to $138.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 8.59% from the stock’s previous close.

A number of other analysts have also weighed in on CHH. Barclays increased their price objective on shares of Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price target on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Truist Financial increased their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Bank of America boosted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $136.33.

Choice Hotels International Stock Up 0.5 %

NYSE CHH opened at $150.97 on Tuesday. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $153.81. The company has a 50 day moving average price of $144.57 and a 200 day moving average price of $136.50. The firm has a market cap of $7.08 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

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

Insiders Place Their Bets

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,656,336.70. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 24.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Choice Hotels International

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

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.