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

Choice Hotels International (NYSE:CHH) had its price target boosted by investment analysts at Truist Financial from $134.00 to $136.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential downside of 8.72% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group lowered 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. Robert W. Baird boosted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. UBS Group dropped their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Morgan Stanley boosted their price target on Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Susquehanna upped their price objective on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $130.45.

Choice Hotels International Stock Down 1.3 %

Shares of NYSE CHH opened at $149.00 on Wednesday. The stock has a 50 day moving average price of $140.40 and a 200 day moving average price of $128.39. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.36 and a beta of 1.23. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $153.81. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 EPS. Sell-side analysts expect that Choice Hotels International will post 6.84 earnings per share for the current year.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction 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. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,437 shares of company stock valued at $9,788,980 in the last three months. 24.02% of the stock is owned by insiders.

Institutional Trading of Choice Hotels International

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 141 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 367 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Choice Hotels International during the third quarter worth $55,000. Finally, Hantz Financial Services Inc. acquired a new position in Choice Hotels International during the second quarter valued at $56,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.