Choice Hotels International (NYSE:CHH) Price Target Cut to $134.00 by Analysts at Truist Financial

Choice Hotels International (NYSE:CHH) had its price target trimmed by Truist Financial from $144.00 to $134.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other research analysts also recently commented on CHH. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a neutral rating to an underweight rating and set a $120.00 price target on the stock. in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Choice Hotels International from $128.00 to $112.00 and set a hold rating for the company in a research note on Thursday, May 9th. Susquehanna began coverage on Choice Hotels International in a research note on Friday, June 21st. They issued a neutral rating and a $125.00 price objective on the stock. Barclays decreased their target price on Choice Hotels International from $114.00 to $112.00 and set an underweight rating for the company in a research report on Friday, August 9th. Finally, UBS Group dropped their price target on Choice Hotels International from $126.00 to $125.00 and set a neutral rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $129.27.

Choice Hotels International Stock Down 1.1 %

Shares of NYSE:CHH opened at $122.91 on Wednesday. The firm has a market capitalization of $5.92 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. The business has a 50 day simple moving average of $124.47 and a two-hundred day simple moving average of $120.86. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $134.44. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $435.20 million for the quarter, compared to analysts’ expectations of $438.29 million. During the same quarter in the previous year, the firm earned $1.75 EPS. Choice Hotels International’s revenue was up 1.8% compared to the same quarter last year. On average, equities analysts predict that Choice Hotels International will post 6.38 EPS for the current year.

Insider Transactions at Choice Hotels International

In related news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the completion of the sale, the executive vice president now owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total value of $1,658,435.72. Following the completion of the sale, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the transaction, the executive vice president now owns 69,171 shares in the company, valued at approximately $8,608,330.95. The disclosure for this sale can be found here. Insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

A number of institutional investors have recently bought and sold shares of CHH. Sanctuary Advisors LLC acquired a new position in Choice Hotels International during the 2nd quarter valued at approximately $1,502,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Choice Hotels International during the second quarter valued at $799,000. Algert Global LLC acquired a new position in shares of Choice Hotels International in the 2nd quarter valued at $387,000. Sepio Capital LP raised its stake in Choice Hotels International by 4.2% in the 2nd quarter. Sepio Capital LP now owns 10,844 shares of the company’s stock worth $1,290,000 after acquiring an additional 433 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in Choice Hotels International by 106.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 8,403 shares of the company’s stock worth $1,000,000 after acquiring an additional 4,326 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.