Susquehanna Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its target price upped by stock analysts at Susquehanna from $125.00 to $130.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s price objective would indicate a potential downside of 10.29% from the company’s current price.

Several other research analysts have also issued reports on CHH. The Goldman Sachs Group increased their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research note on Tuesday. Barclays raised their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 19th. Finally, Robert W. Baird raised their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Choice Hotels International presently has an average rating of “Hold” and an average target price of $128.70.

Choice Hotels International Stock Up 0.6 %

Shares of NYSE CHH opened at $144.91 on Thursday. The firm has a market cap of $6.84 billion, a PE ratio of 27.76, a P/E/G ratio of 2.15 and a beta of 1.24. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75. The company’s fifty day simple moving average is $132.45 and its 200 day simple moving average is $124.63. The company has a quick ratio of 0.99, a current ratio of 0.71 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Choice Hotels International’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, sell-side analysts forecast that Choice Hotels International will post 6.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrick Pacious sold 26,816 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction dated Monday, October 14th. The shares were 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 owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $58,551,123.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,245 shares of company stock worth $8,746,500. Insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

A number of large investors have recently modified their holdings of CHH. Allspring Global Investments Holdings LLC boosted its position in shares of Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Norden Group LLC lifted its position in Choice Hotels International by 41.3% during the first quarter. Norden Group LLC now owns 3,464 shares of the company’s stock valued at $438,000 after purchasing an additional 1,013 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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 purchasing an additional 8,485 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Choice Hotels International by 8.4% during the first quarter. Janney Montgomery Scott LLC now owns 41,193 shares of the company’s stock valued at $5,205,000 after purchasing an additional 3,201 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Choice Hotels International by 6.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $545,000 after purchasing an additional 246 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

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.