Susquehanna Raises Choice Hotels International (NYSE:CHH) Price Target to $130.00

Choice Hotels International (NYSE:CHH) had its price target lifted by research analysts at Susquehanna from $125.00 to $130.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price objective would suggest a potential downside of 10.29% from the company’s previous close.

Several other brokerages also recently commented on CHH. Barclays lifted their target price on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday. Truist Financial reduced their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. UBS Group reduced their price objective on shares of 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. Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research report on Wednesday. Finally, Robert W. Baird boosted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Choice Hotels International has a consensus rating of “Hold” and an average price target of $128.70.

Choice Hotels International Trading Up 0.6 %

Shares of CHH opened at $144.91 on Thursday. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.15 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.71. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75. The firm has a 50 day moving average price of $132.45 and a 200-day moving average price of $124.63.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the firm earned $1.82 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts forecast that Choice Hotels International will post 6.78 earnings per share for the current year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Pacious sold 26,816 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $58,551,123.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,245 shares of company stock worth $8,746,500. Company insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Several hedge funds and other institutional investors have recently made changes to their positions in CHH. Allspring Global Investments Holdings LLC increased its position in shares of Choice Hotels International by 144.4% during the 1st 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 during the last quarter. Norden Group LLC increased its holdings in Choice Hotels International by 41.3% in the 1st quarter. Norden Group LLC now owns 3,464 shares of the company’s stock worth $438,000 after acquiring an additional 1,013 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Choice Hotels International by 62.8% in 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 increased its holdings in Choice Hotels International by 8.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,193 shares of the company’s stock worth $5,205,000 after acquiring an additional 3,201 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Choice Hotels International by 6.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock worth $545,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.