The Goldman Sachs Group Increases Choice Hotels International (NYSE:CHH) Price Target to $118.00

Choice Hotels International (NYSE:CHH) had its target price raised by analysts at The Goldman Sachs Group from $105.00 to $118.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 16.00% from the company’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft increased their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research report on Friday, July 19th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Truist Financial cut their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Robert W. Baird set a $138.00 target price on Choice Hotels International in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $128.10.

Choice Hotels International Price Performance

NYSE:CHH traded up $0.22 during trading hours on Tuesday, reaching $140.47. 106,802 shares of the company traded hands, compared to its average volume of 479,946. The firm’s 50-day moving average is $131.17 and its 200-day moving average is $123.99. The stock has a market cap of $6.63 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. Equities research analysts expect that Choice Hotels International will post 6.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. 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 available at this link. In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the transaction, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. 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 available at this link. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,429 shares of company stock worth $4,866,493 over the last ninety days. Company insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its holdings in shares of Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after buying an additional 5,156 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Choice Hotels International by 62.8% during the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock valued at $2,778,000 after buying an additional 8,485 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Choice Hotels International during the first quarter valued at approximately $6,248,000. SG Americas Securities LLC raised its holdings in shares of Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after buying an additional 6,384 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Choice Hotels International by 7.7% during the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after purchasing an additional 195,956 shares in the last quarter. 65.57% of the stock is currently 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.