Analysts Set Choice Hotels International, Inc. (NYSE:CHH) Price Target at $134.18

Shares of Choice Hotels International, Inc. (NYSE:CHHGet Free Report) have been given a consensus rating of “Reduce” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $134.36.

CHH has been the subject of several analyst reports. Truist Financial increased their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Wells Fargo & Company assumed coverage on Choice Hotels International in a research report on Thursday, December 5th. They set an “underweight” rating and a $133.00 price objective for the company. Jefferies Financial Group increased their target price on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday. Susquehanna boosted their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Get Our Latest Stock Report on Choice Hotels International

Insider Activity at Choice Hotels International

In other Choice Hotels International news, insider Robert J. Mcdowell sold 8,712 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $134.99, for a total value of $1,176,032.88. Following the transaction, the insider now directly owns 38,502 shares of the company’s stock, valued at approximately $5,197,384.98. The trade was a 18.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,232,533.44. Following the completion of the sale, the executive vice president now owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,572 shares of company stock worth $7,562,444 in the last 90 days. 24.02% of the stock is owned by insiders.

Institutional Trading of Choice Hotels International

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after buying an additional 111,903 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Choice Hotels International during the 3rd quarter worth $2,691,000. Franklin Resources Inc. boosted its position in shares of Choice Hotels International by 26.2% in the 3rd quarter. Franklin Resources Inc. now owns 16,048 shares of the company’s stock worth $2,155,000 after buying an additional 3,330 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after acquiring an additional 4,219 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in Choice Hotels International during the third quarter worth about $55,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Price Performance

CHH stock opened at $143.30 on Thursday. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $153.81. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $6.72 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The business has a 50 day simple moving average of $144.68 and a 200-day simple moving average of $132.77.

Choice Hotels International (NYSE:CHHGet Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS 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 analyst estimates of $432.62 million. During the same quarter in the previous year, the firm earned $1.82 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Choice Hotels International Company Profile

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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.

Further Reading

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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