Choice Hotels International (NYSE:CHH) Stock Price Expected to Rise, Truist Financial Analyst Says

Choice Hotels International (NYSE:CHH) had its target price hoisted by stock analysts at Truist Financial from $136.00 to $144.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 11.07% from the company’s previous close.

Other analysts also recently issued research reports about the company. Robert W. Baird lifted their price objective on Choice Hotels International from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Barclays boosted their target price on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a research report on Friday, February 21st. Susquehanna boosted their target price on Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. StockNews.com downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Finally, Bank of America boosted their target price 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. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Choice Hotels International has an average rating of “Hold” and a consensus target price of $141.33.

Choice Hotels International Price Performance

NYSE:CHH opened at $129.65 on Friday. Choice Hotels International has a 1 year low of $109.22 and a 1 year high of $157.86. The stock’s 50 day simple moving average is $143.92 and its two-hundred day simple moving average is $140.48. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data 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. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. As a group, analysts anticipate that Choice Hotels International will post 7.07 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CHH. CIBC Private Wealth Group LLC raised its position in shares of Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after acquiring an additional 86 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Choice Hotels International in the 3rd quarter worth $55,000. Tortoise Investment Management LLC raised its position in shares of Choice Hotels International by 55.8% in the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after acquiring an additional 154 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Choice Hotels International by 836.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after acquiring an additional 393 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Choice Hotels International in the 4th quarter worth $62,000. 65.57% of the stock is owned by 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.