Choice Hotels International (NYSE:CHH) Stock Price Expected to Rise, Barclays Analyst Says

Choice Hotels International (NYSE:CHH) had its target price increased by stock analysts at Barclays from $123.00 to $129.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective suggests a potential downside of 11.92% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Susquehanna lifted their price objective on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Wednesday, November 6th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group lifted their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, Truist Financial increased their price target on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $134.18.

Choice Hotels International Stock Performance

NYSE CHH opened at $146.45 on Friday. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $153.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The stock has a market cap of $6.87 billion, a P/E ratio of 28.06, a PEG ratio of 2.30 and a beta of 1.23. The company’s 50-day simple moving average is $142.50 and its 200 day simple moving average is $129.86.

Choice Hotels International (NYSE:CHH) last released 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 company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. As a group, research analysts forecast that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. This represents a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrick Pacious sold 7,192 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $58,656,336.70. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,412 shares of company stock worth $8,582,271 over the last three months. 24.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Choice Hotels International

Several institutional investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC boosted its stake in Choice Hotels International by 12.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock worth $110,000 after acquiring an additional 96 shares during the last quarter. AGF Management Ltd. boosted its position in shares of Choice Hotels International by 0.5% during the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock worth $2,492,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank boosted its position in shares of Choice Hotels International by 4.7% during the third quarter. Huntington National Bank now owns 2,267 shares of the company’s stock worth $295,000 after purchasing an additional 101 shares in the last quarter. Aurora Investment Managers LLC. grew its holdings in shares of Choice Hotels International by 0.9% in the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock valued at $1,624,000 after buying an additional 113 shares during the period. Finally, Caprock Group LLC increased its position in shares of Choice Hotels International by 4.4% in the 2nd quarter. Caprock Group LLC now owns 3,251 shares of the company’s stock valued at $387,000 after buying an additional 137 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.