Choice Hotels International (NYSE:CHH) Price Target Raised to $144.00

Choice Hotels International (NYSE:CHH) had its target price boosted by equities research analysts at Truist Financial from $136.00 to $144.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 10.70% from the company’s previous close.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Jefferies Financial Group boosted their target price on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group upped their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Wells Fargo & Company cut their price target on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 4th. Finally, Robert W. Baird increased their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.33.

Choice Hotels International Stock Performance

CHH opened at $130.08 on Friday. Choice Hotels International has a one year low of $109.22 and a one year high of $157.86. The company has a market cap of $6.08 billion, a P/E ratio of 20.88, a PEG ratio of 1.90 and a beta of 1.25. The business’s 50-day simple moving average is $144.15 and its 200-day simple moving average is $140.37.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The company had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. As a group, analysts predict that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the sale, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the sale, the executive vice president now owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its holdings in Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock valued at $52,000 after purchasing an additional 86 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Choice Hotels International in the 3rd quarter valued at $55,000. Tortoise Investment Management LLC grew its stake in shares of Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after buying an additional 154 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after buying an additional 393 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Choice Hotels International during the 4th quarter worth $62,000. 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.