Barclays Raises Choice Hotels International (NYSE:CHH) Price Target to $132.00

Choice Hotels International (NYSE:CHH) had its price objective hoisted by research analysts at Barclays from $129.00 to $132.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 12.31% from the stock’s current price.

A number of other research firms have also recently commented on CHH. Jefferies Financial Group boosted their price objective 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. Susquehanna boosted their price objective on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. 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. Robert W. Baird boosted their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price objective on Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $136.58.

Choice Hotels International Trading Down 1.2 %

Shares of CHH stock opened at $150.53 on Friday. The stock has a 50 day moving average of $145.10 and a 200 day moving average of $138.47. The stock has a market cap of $7.06 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.90 and a beta of 1.23. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The company had revenue of $389.77 million during the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. On average, research analysts predict that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Choice Hotels International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company’s stock worth $344,070,000 after buying an additional 8,362 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Choice Hotels International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock worth $134,822,000 after buying an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after buying an additional 111,903 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Choice Hotels International during the fourth quarter worth $48,201,000. Finally, Balyasny Asset Management L.P. boosted its stake in Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock worth $41,577,000 after buying an additional 120,376 shares during the last quarter. Institutional investors and hedge funds 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.