Truist Financial Trims Choice Hotels International (NYSE:CHH) Target Price to $134.00

Choice Hotels International (NYSE:CHH) had its price objective trimmed by Truist Financial from $144.00 to $134.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the stock.

CHH has been the topic of several other research reports. UBS Group lowered their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a neutral rating on the stock in a research note on Friday, August 9th. Robert W. Baird decreased their target price on shares of Choice Hotels International from $137.00 to $134.00 and set an outperform rating on the stock in a research note on Monday, August 12th. Susquehanna started coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They set a neutral rating and a $125.00 target price on the stock. Barclays cut their price objective on shares of Choice Hotels International from $114.00 to $112.00 and set an underweight rating for the company in a report on Friday, August 9th. 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 for the company. in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $129.27.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $122.92 on Wednesday. The firm’s 50 day moving average price is $124.47 and its 200-day moving average price is $120.82. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $134.44. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock has a market capitalization of $5.92 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same quarter last year, the company earned $1.75 EPS. Choice Hotels International’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts expect that Choice Hotels International will post 6.38 EPS for the current year.

Insider Activity at Choice Hotels International

In related news, insider Patrick Cimerola sold 13,259 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $125.08, for a total value of $1,658,435.72. Following the completion of the transaction, the insider now directly owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of Choice Hotels International stock in a transaction on Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the completion of the transaction, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick Cimerola sold 13,259 shares of Choice Hotels International stock in a transaction on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the transaction, the insider now directly owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Choice Hotels International during the second quarter worth $1,502,000. William B. Walkup & Associates Inc. bought a new stake in shares of Choice Hotels International during the second quarter worth $799,000. Algert Global LLC bought a new stake in shares of Choice Hotels International during the second quarter worth $387,000. Sepio Capital LP lifted its position in shares of Choice Hotels International by 4.2% during the second quarter. Sepio Capital LP now owns 10,844 shares of the company’s stock worth $1,290,000 after purchasing an additional 433 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in shares of Choice Hotels International by 106.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 8,403 shares of the company’s stock worth $1,000,000 after purchasing an additional 4,326 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other 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.