Choice Hotels International (NYSE:CHH) PT Raised to $134.00

Choice Hotels International (NYSE:CHH – Get Rating) had its target price raised by Morgan Stanley from $130.00 to $134.00 in a research note issued to investors on Friday, The Fly reports. Morgan Stanley’s price objective points to a potential upside of 9.95% from the stock’s current price.

A number of other brokerages also recently weighed in on CHH. StockNews.com assumed coverage on shares of Choice Hotels International in a research note on Thursday, March 16th. They set a “hold” rating for the company. Wells Fargo & Company reduced their price target on shares of Choice Hotels International from $122.00 to $113.00 and set an “underweight” rating for the company in a research report on Thursday, March 30th. TheStreet downgraded shares of Choice Hotels International from a “b” rating to a “c+” rating in a research report on Tuesday. Truist Financial raised their price target on shares of Choice Hotels International from $120.00 to $132.00 and gave the company a “hold” rating in a research report on Friday, March 24th. Finally, Barclays reduced their price target on shares of Choice Hotels International from $120.00 to $119.00 in a research report on Wednesday. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $122.38.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $121.87 on Friday. Choice Hotels International has a fifty-two week low of $104.15 and a fifty-two week high of $133.13. The company has a 50 day simple moving average of $121.13 and a two-hundred day simple moving average of $120.59. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 7.76, a quick ratio of 0.80 and a current ratio of 0.80.

Choice Hotels International (NYSE:CHH – Get Rating) last announced its earnings results on Tuesday, May 9th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Choice Hotels International had a net margin of 23.69% and a return on equity of 99.85%. The business had revenue of $333.80 million during the quarter, compared to the consensus estimate of $320.43 million. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts expect that Choice Hotels International will post 5.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other Choice Hotels International news, Director William L. Jews sold 2,214 shares of Choice Hotels International stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $119.46, for a total value of $264,484.44. Following the completion of the sale, the director now owns 23,389 shares of the company’s stock, valued at approximately $2,794,049.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director William L. Jews sold 2,214 shares of Choice Hotels International stock in a transaction on Friday, March 10th. The shares were sold at an average price of $119.46, for a total transaction of $264,484.44. Following the transaction, the director now owns 23,389 shares in the company, valued at approximately $2,794,049.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott E. Oaksmith sold 1,680 shares of Choice Hotels International stock in a transaction on Monday, March 6th. The stock was sold at an average price of $126.05, for a total transaction of $211,764.00. Following the transaction, the senior vice president now owns 33,394 shares in the company, valued at approximately $4,209,313.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,837 shares of company stock valued at $9,365,231. Company insiders own 20.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in shares of Choice Hotels International by 133.0% during the 1st quarter. Renaissance Technologies LLC now owns 173,600 shares of the company’s stock worth $20,344,000 after acquiring an additional 99,100 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Choice Hotels International during the 1st quarter valued at $208,000. Bank of America Corp DE boosted its holdings in Choice Hotels International by 19.3% in the 1st quarter. Bank of America Corp DE now owns 293,299 shares of the company’s stock worth $34,372,000 after buying an additional 47,397 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in Choice Hotels International by 104.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,375 shares of the company’s stock worth $630,000 after buying an additional 2,750 shares during the period. Finally, Epoch Investment Partners Inc. boosted its holdings in Choice Hotels International by 34.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 100,669 shares of the company’s stock worth $11,797,000 after buying an additional 25,632 shares during the period. Hedge funds and other institutional investors own 58.03% of the company’s stock.

Choice Hotels International Company Profile

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Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.