Choice Hotels International (NYSE:CHH – Get Rating) had its target price raised by investment analysts at Robert W. Baird from $129.00 to $133.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 13.17% from the company’s current price.
CHH has been the subject of a number of other research reports. Wells Fargo & Company cut Choice Hotels International from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $130.00 to $123.00 in a research note on Monday, August 29th. JPMorgan Chase & Co. lowered their price objective on Choice Hotels International from $126.00 to $110.00 and set an “underweight” rating for the company in a research note on Tuesday, August 9th. UBS Group cut Choice Hotels International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $167.00 to $124.00 in a research note on Tuesday, August 2nd. Barclays lifted their price objective on Choice Hotels International from $107.00 to $108.00 and gave the company an “underweight” rating in a research note on Friday, August 5th. Finally, StockNews.com cut Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Monday, May 23rd. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $126.10.
Choice Hotels International Price Performance
CHH opened at $117.52 on Thursday. The stock’s 50 day simple moving average is $116.01 and its 200 day simple moving average is $126.04. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.69 and a quick ratio of 1.69. Choice Hotels International has a 1 year low of $106.84 and a 1 year high of $157.46. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.67 and a beta of 1.32.
Choice Hotels International (NYSE:CHH – Get Rating) last released its earnings results on Thursday, August 4th. The company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.04). The firm had revenue of $367.80 million during the quarter, compared to analysts’ expectations of $322.24 million. Choice Hotels International had a net margin of 28.72% and a return on equity of 92.23%. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. As a group, analysts predict that Choice Hotels International will post 5.22 earnings per share for the current year.
Institutional Trading of Choice Hotels International
A number of institutional investors and hedge funds have recently modified their holdings of the business. Verition Fund Management LLC bought a new stake in shares of Choice Hotels International in the 2nd quarter worth $420,000. Captrust Financial Advisors grew its holdings in shares of Choice Hotels International by 28.0% in the second quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock worth $67,000 after acquiring an additional 131 shares during the period. Legal & General Group Plc grew its holdings in shares of Choice Hotels International by 16.2% in the second quarter. Legal & General Group Plc now owns 58,873 shares of the company’s stock worth $6,572,000 after acquiring an additional 8,196 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Choice Hotels International in the second quarter worth $1,125,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Choice Hotels International by 3.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 544,632 shares of the company’s stock worth $60,797,000 after acquiring an additional 17,707 shares during the period. Institutional investors own 61.37% of the company’s stock.
About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.
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