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

Choice Hotels International (NYSE:CHH) had its price objective lifted by equities researchers at Barclays from $111.00 to $121.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 9.68% from the company’s previous close.

A number of other equities analysts also recently weighed in on CHH. Truist Financial cut their price target on shares of Choice Hotels International from $144.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, May 30th. The Goldman Sachs Group upgraded shares of Choice Hotels International from a “sell” rating to a “buy” rating and reduced their price target for the company from $141.00 to $138.00 in a research report on Monday, April 14th. Morgan Stanley dropped their price target on Choice Hotels International from $124.00 to $115.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Susquehanna set a $140.00 price target on Choice Hotels International and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Robert W. Baird dropped their target price on Choice Hotels International from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $133.92.

Choice Hotels International Stock Down 0.4%

CHH stock opened at $133.97 on Tuesday. The company’s 50-day moving average price is $127.78 and its two-hundred day moving average price is $134.18. Choice Hotels International has a 12 month low of $116.20 and a 12 month high of $157.86. The firm has a market cap of $6.22 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.27 and a beta of 0.96.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.04). The business had revenue of $332.86 million for the quarter, compared to analyst estimates of $348.52 million. Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. Equities analysts predict that Choice Hotels International will post 7.07 EPS for the current year.

Insider Activity

In related news, EVP Dominic Dragisich sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total value of $642,700.00. Following the sale, the executive vice president owned 70,881 shares in the company, valued at $9,111,043.74. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ervin R. Shames sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.56, for a total value of $259,120.00. Following the transaction, the director directly owned 52,212 shares of the company’s stock, valued at approximately $6,764,586.72. The trade was a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $1,565,395 in the last quarter. 24.02% of the stock is owned by insiders.

Institutional Trading of Choice Hotels International

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of Choice Hotels International in the 1st quarter valued at about $49,799,000. Raymond James Financial Inc. purchased a new stake in shares of Choice Hotels International in the fourth quarter valued at $48,201,000. Cubist Systematic Strategies LLC purchased a new position in Choice Hotels International during the first quarter worth about $25,673,000. Vanguard Group Inc. increased its stake in Choice Hotels International by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company’s stock worth $339,464,000 after acquiring an additional 133,216 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock worth $41,577,000 after acquiring an additional 120,376 shares during the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

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.