JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $122.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 7.77% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Susquehanna boosted their price objective on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their target price on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Jefferies Financial Group lowered Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Wednesday, November 6th. Morgan Stanley boosted their target price on Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group boosted their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and an average price target of $133.64.

Choice Hotels International Stock Up 0.5 %

CHH stock opened at $146.37 on Friday. The stock’s fifty day simple moving average is $142.22 and its two-hundred day simple moving average is $129.52. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $153.81. The stock has a market cap of $6.87 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.30 and a beta of 1.23.

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

Insider Buying and Selling

In related news, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,656,336.70. The trade was a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at approximately $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 a total of 61,412 shares of company stock worth $8,582,271 over the last ninety days. 24.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Choice Hotels International

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