Choice Hotels International (NYSE:CHH) Price Target Raised to $114.00

Choice Hotels International (NYSE:CHH) had its price objective hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $113.00 to $114.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 18.88% from the stock’s previous close.

A number of other analysts also recently issued reports on CHH. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research report on Friday, July 19th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Truist Financial lowered their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. UBS Group cut their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Robert W. Baird set a $138.00 price objective on shares of Choice Hotels International in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $126.80.

Choice Hotels International Stock Up 0.2 %

CHH stock opened at $140.54 on Tuesday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $6.63 billion, a P/E ratio of 29.22, a P/E/G ratio of 2.27 and a beta of 1.24. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75. The business has a 50-day moving average of $130.88 and a 200-day moving average of $123.83.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.82 EPS. On average, sell-side analysts anticipate that Choice Hotels International will post 6.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the 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 transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,429 shares of company stock valued at $4,866,493 in the last ninety days. 24.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Choice Hotels International

A number of institutional investors have recently modified their holdings of CHH. Allspring Global Investments Holdings LLC increased its position in shares of Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the period. Blue Trust Inc. grew its stake in Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Covestor Ltd increased its holdings in Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the period. Tortoise Investment Management LLC raised its position in shares of Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after buying an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Choice Hotels International by 1,146.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 367 shares during the period. 65.57% of the stock is currently 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.