Choice Hotels International (NYSE:CHH) Rating Lowered to Hold at StockNews.com

Choice Hotels International (NYSE:CHH) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other analysts also recently weighed in on CHH. Morgan Stanley raised their price target on shares of Choice Hotels International from $131.00 to $139.00 and gave the stock an “underweight” rating in a research report on Tuesday. Bank of America raised their price objective on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group increased their price target 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. Truist Financial boosted their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. increased their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $140.67.

Choice Hotels International Trading Down 1.3 %

NYSE CHH opened at $142.20 on Friday. The stock has a market cap of $6.64 billion, a P/E ratio of 22.83, a PEG ratio of 1.90 and a beta of 1.25. The company’s fifty day simple moving average is $145.68 and its 200-day simple moving average is $139.81. Choice Hotels International has a 52 week low of $109.22 and a 52 week high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analyst estimates 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 expect that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the sale, the chief financial officer now owns 32,014 shares of the company’s stock, valued at $4,622,821.60. The trade was a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the transaction, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Several institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its position in shares of Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after buying an additional 86 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Choice Hotels International during the third quarter worth approximately $55,000. Tortoise Investment Management LLC lifted its position in Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after purchasing an additional 154 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Choice Hotels International during the 4th quarter valued at $62,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after purchasing an additional 393 shares during the period. 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.