Choice Hotels International (NYSE:CHH) Price Target Raised to $123.00 at Barclays

Choice Hotels International (NYSE:CHH) had its target price upped by Barclays from $112.00 to $123.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 12.48% from the company’s current price.

A number of other research firms have also issued reports on CHH. Deutsche Bank Aktiengesellschaft upped their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday. UBS Group decreased their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group initiated coverage on Choice Hotels International in a research report on Wednesday, September 18th. They issued a “sell” rating and a $105.00 price target for the company. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 19th. Finally, Robert W. Baird set a $138.00 target price on Choice Hotels International in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.80.

Choice Hotels International Stock Up 0.2 %

CHH opened at $140.54 on Tuesday. The company has a market cap of $6.63 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The company has a 50-day moving average price of $130.88 and a 200 day moving average price of $123.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Sell-side analysts expect that Choice Hotels International will post 6.35 earnings per share for the current fiscal year.

Insider Activity

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CHH. Allspring Global Investments Holdings LLC boosted its holdings in Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Norden Group LLC grew its position in shares of Choice Hotels International by 41.3% in the 1st quarter. Norden Group LLC now owns 3,464 shares of the company’s stock valued at $438,000 after buying an additional 1,013 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Choice Hotels International by 62.8% during the 1st quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after acquiring an additional 8,485 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Choice Hotels International by 8.4% in the first quarter. Janney Montgomery Scott LLC now owns 41,193 shares of the company’s stock valued at $5,205,000 after acquiring an additional 3,201 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Choice Hotels International by 6.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $545,000 after acquiring an additional 246 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

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.