Argus Issues Pessimistic Forecast for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH) had its price objective lowered by investment analysts at Argus from $140.00 to $120.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Argus’ price target suggests a potential upside of 20.96% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. UBS Group decreased their target price on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. upped their price objective on Choice Hotels International from $99.00 to $102.00 and gave the stock an “underweight” rating in a report on Thursday. Morgan Stanley cut their target price on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating for the company in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Choice Hotels International in a research report on Thursday, October 30th. Finally, Barclays lowered their price objective on shares of Choice Hotels International from $101.00 to $99.00 and set an “underweight” rating for the company in a research report on Friday. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $125.38.

Choice Hotels International Trading Down 1.2%

Shares of NYSE:CHH traded down $1.17 during midday trading on Friday, reaching $99.21. 388,232 shares of the company were exchanged, compared to its average volume of 445,717. The stock has a market cap of $4.59 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 6.60 and a beta of 0.84. The business’s fifty day moving average is $105.28 and its two-hundred day moving average is $119.40. Choice Hotels International has a one year low of $90.97 and a one year high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.08). Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The company had revenue of $447.34 million during the quarter, compared to analysts’ expectations of $419.75 million. During the same quarter in the previous year, the firm earned $2.23 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. As a group, sell-side analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

Hedge Funds Weigh In On Choice Hotels International

A number of large investors have recently made changes to their positions in CHH. Millennium Management LLC bought a new position in Choice Hotels International during the 1st quarter valued at about $49,799,000. Bamco Inc. NY boosted its position in shares of Choice Hotels International by 6.8% during the second quarter. Bamco Inc. NY now owns 4,990,652 shares of the company’s stock valued at $633,214,000 after buying an additional 317,618 shares during the period. Rock Creek Group LP grew its stake in shares of Choice Hotels International by 52.3% during the second quarter. Rock Creek Group LP now owns 811,579 shares of the company’s stock valued at $102,973,000 after buying an additional 278,715 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Choice Hotels International during the 1st quarter worth approximately $25,673,000. Finally, BNP Paribas Financial Markets boosted its holdings in Choice Hotels International by 194.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 237,097 shares of the company’s stock valued at $30,083,000 after acquiring an additional 156,666 shares during the period. 65.57% of the stock is owned by hedge funds and other 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.