Choice Hotels International (NYSE:CHH) PT Lowered to $144.00 at Truist Financial

Choice Hotels International (NYSE:CHHGet Free Report) had its price target reduced by stock analysts at Truist Financial from $146.00 to $144.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 31.18% from the stock’s current price.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Robert W. Baird dropped their price objective on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and raised their target price for the stock from $96.00 to $156.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft lowered their price target on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, Barclays decreased their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.50.

Check Out Our Latest Analysis on Choice Hotels International

Choice Hotels International Price Performance

Shares of CHH stock opened at $109.77 on Thursday. The stock’s fifty day moving average is $120.05 and its 200-day moving average is $117.66. The stock has a market capitalization of $5.29 billion, a PE ratio of 23.56, a PEG ratio of 1.92 and a beta of 1.21. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. Choice Hotels International has a 52 week low of $108.91 and a 52 week high of $136.02.

Choice Hotels International (NYSE:CHHGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.13. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The company had revenue of $331.90 million for the quarter, compared to analyst estimates of $343.04 million. During the same period in the prior year, the business earned $1.12 earnings per share. Choice Hotels International’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts expect that Choice Hotels International will post 6.45 EPS for the current fiscal year.

Insider Activity at Choice Hotels International

In related news, insider Robert J. Mcdowell sold 1,243 shares of Choice Hotels International stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the transaction, the insider now owns 38,502 shares in the company, valued at $4,527,065.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Several hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC bought a new position in shares of Choice Hotels International during the first quarter worth approximately $125,000. Axxcess Wealth Management LLC acquired a new position in shares of Choice Hotels International in the 1st quarter valued at approximately $205,000. Seven Eight Capital LP boosted its stake in Choice Hotels International by 8.7% in the first quarter. Seven Eight Capital LP now owns 11,131 shares of the company’s stock valued at $1,403,000 after buying an additional 894 shares in the last quarter. Covestor Ltd increased its position in Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Choice Hotels International by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after purchasing an additional 195,956 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

About Choice Hotels International

(Get Free Report)

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.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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