Choice Hotels International (NYSE:CHH) Price Target Raised to $155.00

Choice Hotels International (NYSE:CHH) had its price target upped by Susquehanna from $130.00 to $155.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Bank of America increased their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group lifted their target price on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Barclays lifted their price target on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st. Morgan Stanley restated an “underweight” rating and set a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. Finally, Truist Financial lifted their target price on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Five 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $139.92.

Choice Hotels International Trading Down 1.5 %

Choice Hotels International stock opened at $148.02 on Tuesday. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $157.86. The stock’s fifty day simple moving average is $145.25 and its 200-day simple moving average is $138.97. The firm has a market capitalization of $6.92 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.90 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Sell-side analysts predict that Choice Hotels International will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, January 2nd. Choice Hotels International’s dividend payout ratio is 18.46%.

Institutional Investors Weigh In On Choice Hotels International

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Choice Hotels International by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company’s stock valued at $344,070,000 after acquiring an additional 8,362 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Choice Hotels International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock worth $134,822,000 after acquiring an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after acquiring an additional 111,903 shares during the last quarter. Raymond James Financial Inc. bought a new position in Choice Hotels International during the 4th quarter worth approximately $48,201,000. Finally, Balyasny Asset Management L.P. lifted its stake in Choice Hotels International by 69.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock valued at $41,577,000 after buying an additional 120,376 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.