Barclays Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its target price boosted by equities research analysts at Barclays from $112.00 to $123.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 14.86% from the company’s current price.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a report on Friday, July 19th. UBS Group cut their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Truist Financial dropped 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 note on Wednesday, September 4th. Finally, Robert W. Baird set a $138.00 target price on shares of Choice Hotels International in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $128.20.

Choice Hotels International Stock Up 3.6 %

Choice Hotels International stock opened at $144.47 on Tuesday. The company has a market capitalization of $6.82 billion, a PE ratio of 27.61, a PEG ratio of 2.27 and a beta of 1.24. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75. The firm’s fifty day moving average is $131.42 and its 200 day moving average is $124.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, sell-side analysts predict that Choice Hotels International will post 6.35 EPS for the current fiscal year.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of Choice Hotels International stock in a transaction dated Friday, October 11th. The shares were 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 owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. 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 is accessible through this link. Also, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 18,084 shares in the company, 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. Over the last three months, insiders sold 37,429 shares of company stock valued at $4,866,493. 24.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently bought and sold shares of the company. Eagle Bay Advisors LLC raised its stake in shares of Choice Hotels International by 12.9% in the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after buying an additional 96 shares during the period. AGF Management Ltd. increased its holdings in Choice Hotels International by 0.5% in the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock worth $2,492,000 after acquiring an additional 101 shares during the last quarter. Huntington National Bank raised its stake in Choice Hotels International by 4.7% in the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock valued at $295,000 after acquiring an additional 101 shares during the period. Aurora Investment Managers LLC. lifted its holdings in Choice Hotels International by 0.9% during the third quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock valued at $1,624,000 after purchasing an additional 113 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Choice Hotels International by 144.4% during 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. 65.57% of the stock is owned by institutional investors.

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.