Bank of America Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price objective upped by equities researchers at Bank of America from $160.00 to $165.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 11.00% from the company’s current price.

A number of other brokerages also recently commented on CHH. Truist Financial upped their price objective on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft increased their price target 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. Morgan Stanley reissued an “underweight” rating and set a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Wells Fargo & Company initiated coverage on Choice Hotels International in a report on Thursday, December 5th. They set an “underweight” rating and a $133.00 target price on the stock. Finally, Susquehanna upped their price objective on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $135.92.

Choice Hotels International Stock Performance

Shares of NYSE:CHH opened at $148.64 on Monday. The company has a market cap of $6.97 billion, a P/E ratio of 28.48, a PEG ratio of 2.22 and a beta of 1.24. The business’s 50-day simple moving average is $144.73 and its 200 day simple moving average is $135.74. Choice Hotels International has a one year low of $108.91 and a one year high of $153.81.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. Analysts predict that Choice Hotels International will post 6.84 earnings per share for the current year.

Insider Transactions at Choice Hotels International

In related news, CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction on 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 sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $58,551,123.54. This trade represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 24.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Choice Hotels International

A number of hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Choice Hotels International by 81.4% during the third quarter. Blue Trust Inc. now owns 399 shares of the company’s stock valued at $47,000 after buying an additional 179 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Choice Hotels International in the 3rd quarter valued at $55,000. Quarry LP acquired a new stake in Choice Hotels International in the 3rd quarter worth $63,000. Eagle Bay Advisors LLC raised its position in shares of Choice Hotels International by 12.9% during the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after buying an additional 96 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Choice Hotels International in the 4th quarter valued at approximately $125,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

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.