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

Choice Hotels International (NYSE:CHH) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $122.00 to $135.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 7.82% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Choice Hotels International in a report on Thursday, December 5th. They issued an “underweight” rating and a $133.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Barclays increased their price target on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. Finally, Susquehanna lifted their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $134.18.

Choice Hotels International Stock Up 0.0 %

CHH stock opened at $146.45 on Friday. The stock’s 50 day simple moving average is $142.50 and its 200 day simple moving average is $129.86. The company has a market cap of $6.87 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. 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 has a fifty-two week low of $108.91 and a fifty-two week high of $153.81.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International’s revenue for the quarter 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. On average, research analysts expect that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the completion of the sale, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This trade represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the transaction, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. This represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,412 shares of company stock worth $8,582,271 in the last quarter. Insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Choice Hotels International by 129.4% in the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position 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 valued at $47,000 after acquiring an additional 367 shares during the period. Anchor Investment Management LLC purchased a new position in Choice Hotels International during the third quarter valued at approximately $55,000. Finally, Hantz Financial Services Inc. bought a new stake in Choice Hotels International during the 2nd quarter worth approximately $56,000. 65.57% of the stock is 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.