Morgan Stanley Raises Choice Hotels International (NYSE:CHH) Price Target to $141.00

Choice Hotels International (NYSE:CHH) had its price objective upped by stock analysts at Morgan Stanley from $134.00 to $141.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 3.22% from the stock’s previous close.

A number of other equities research analysts have also recently commented on CHH. Deutsche Bank Aktiengesellschaft upped their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Barclays boosted their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. Susquehanna upped their target price on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $130.00.

Choice Hotels International Stock Up 0.9 %

Shares of Choice Hotels International stock traded up $1.35 during trading on Wednesday, hitting $145.69. 70,162 shares of the stock were exchanged, compared to its average volume of 479,533. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. The firm’s 50-day moving average price is $133.15 and its 200 day moving average price is $125.08. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the previous year, the company earned $1.82 earnings per share. Choice Hotels International’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts forecast that Choice Hotels International will post 6.82 earnings per share for the current fiscal year.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the sale, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction that occurred 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 owns 18,084 shares of the company’s stock, valued at $2,441,340. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock worth $9,788,980 in the last ninety days. 24.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Choice Hotels International by 6.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $545,000 after acquiring an additional 246 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Choice Hotels International in the first quarter worth $500,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Choice Hotels International by 17.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after buying an additional 5,156 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Choice Hotels International by 1.0% in the first quarter. Lord Abbett & CO. LLC now owns 220,520 shares of the company’s stock worth $27,862,000 after buying an additional 2,147 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

About Choice Hotels International

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.