Barclays Increases Choice Hotels International (NYSE:CHH) Price Target to $123.00

Choice Hotels International (NYSE:CHH) had its price target upped by equities researchers at Barclays from $112.00 to $123.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price suggests a potential downside of 12.48% from the company’s current price.

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

Choice Hotels International Stock Up 0.2 %

NYSE:CHH opened at $140.54 on Tuesday. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $149.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock has a fifty day simple moving average of $130.88 and a 200-day simple moving average of $123.83.

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, beating 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 firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 EPS. Analysts anticipate that Choice Hotels International will post 6.35 EPS for the current year.

Insider Activity at Choice Hotels International

In other news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the transaction, the insider now directly owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now owns 18,084 shares in the company, valued at $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the sale, the executive vice president now directly owns 68,509 shares in the company, valued at $9,240,493.92. This represents 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. Company insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently made changes to their positions in CHH. Versor Investments LP purchased a new stake in Choice Hotels International during the third quarter worth $860,000. Venturi Wealth Management LLC boosted its stake in shares of Choice Hotels International by 42.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,481 shares of the company’s stock worth $323,000 after acquiring an additional 734 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Choice Hotels International by 20.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,288 shares of the company’s stock valued at $298,000 after acquiring an additional 385 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of Choice Hotels International in the 3rd quarter valued at about $281,000. Finally, Atria Investments Inc boosted its position in Choice Hotels International by 22.2% during the third quarter. Atria Investments Inc now owns 19,953 shares of the company’s stock worth $2,600,000 after purchasing an additional 3,623 shares in the last quarter. Institutional investors and hedge funds 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.