JPMorgan Chase & Co. Raises Choice Hotels International (NYSE:CHH) Price Target to $102.00

Choice Hotels International (NYSE:CHH) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $95.00 to $102.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 1.03% from the company’s previous close.

Several other brokerages have also recently issued reports on CHH. Wells Fargo & Company assumed coverage on Choice Hotels International in a report on Tuesday, November 18th. They issued an “underweight” rating and a $84.00 target price for the company. Barclays lowered their price target on shares of Choice Hotels International from $99.00 to $98.00 and set an “underweight” rating on the stock in a research report on Friday, January 16th. Jefferies Financial Group cut shares of Choice Hotels International from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Robert W. Baird reduced their target price on shares of Choice Hotels International from $122.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group increased their price target on shares of Choice Hotels International from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $109.15.

Choice Hotels International Stock Performance

Shares of CHH traded down $0.82 during mid-day trading on Tuesday, reaching $100.97. The company had a trading volume of 277,567 shares, compared to its average volume of 796,138. The stock has a market capitalization of $4.67 billion, a P/E ratio of 12.39, a PEG ratio of 8.26 and a beta of 0.77. Choice Hotels International has a 52-week low of $84.04 and a 52-week high of $157.86. The stock has a 50 day moving average of $97.68 and a two-hundred day moving average of $105.83. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 12.81.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). The company had revenue of $278.00 million during the quarter, compared to analyst estimates of $419.75 million. Choice Hotels International had a net margin of 23.93% and a return on equity of 9,081.29%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. On average, analysts expect that Choice Hotels International will post 7.07 earnings per share for the current year.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC raised its stake in Choice Hotels International by 99.2% during the 2nd quarter. Jump Financial LLC now owns 53,980 shares of the company’s stock valued at $6,849,000 after acquiring an additional 26,880 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Choice Hotels International in the 2nd quarter valued at approximately $5,020,000. Entropy Technologies LP grew its holdings in Choice Hotels International by 546.7% during the second quarter. Entropy Technologies LP now owns 10,987 shares of the company’s stock worth $1,394,000 after acquiring an additional 9,288 shares during the period. Bamco Inc. NY grew its position in Choice Hotels International by 6.8% during the second quarter. Bamco Inc. NY now owns 4,990,652 shares of the company’s stock worth $633,214,000 after buying an additional 317,618 shares during the period. Finally, Boston Trust Walden Corp boosted its position in Choice Hotels International by 8.4% during the third quarter. Boston Trust Walden Corp now owns 1,046,784 shares of the company’s stock worth $111,912,000 after purchasing an additional 81,132 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 is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.