Choice Hotels International (NYSE:CHH) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Choice Hotels International (NYSE:CHH) had its price target increased by investment analysts at The Goldman Sachs Group from $118.00 to $138.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 3.78% from the stock’s current price.

A number of other equities analysts have also commented on CHH. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley raised their price target on Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group lowered Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and an average price target of $132.27.

Choice Hotels International Trading Down 3.3 %

CHH stock opened at $143.42 on Tuesday. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $153.81. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The business’s 50 day moving average is $141.30 and its 200-day moving average is $129.09. The firm has a market cap of $6.73 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.34 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the company posted $1.82 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts anticipate that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the transaction, the insider now owns 18,084 shares in the company, valued at approximately $2,441,340. This trade represents a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick Pacious sold 7,192 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,412 shares of company stock worth $8,582,271. Company insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. Tortoise Investment Management LLC increased 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. Whittier Trust Co. of Nevada Inc. raised its stake in 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 buying an additional 367 shares during the period. Anchor Investment Management LLC acquired a new stake in Choice Hotels International during the 3rd quarter worth $55,000. Finally, Hantz Financial Services Inc. bought a new position in Choice Hotels International during the second quarter worth about $56,000. Institutional investors own 65.57% of the company’s stock.

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.