Choice Hotels International (NYSE:CHH) PT Lowered to $137.00

Choice Hotels International (NYSE:CHH) had its target price reduced by research analysts at Robert W. Baird from $140.00 to $137.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 15.17% from the company’s current price.

Several other equities research analysts also recently issued reports on CHH. Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $96.00 to $156.00 in a research note on Monday, March 11th. Barclays lowered their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, April 19th. Truist Financial raised their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Finally, StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and an average target price of $130.80.

Choice Hotels International Trading Down 0.1 %

NYSE:CHH opened at $118.95 on Wednesday. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $136.02. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.90 and a beta of 1.21. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02. The company’s 50 day moving average is $120.73 and its 200-day moving average is $117.26.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.09. The business had revenue of $358.40 million for the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. Choice Hotels International’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. Equities analysts anticipate that Choice Hotels International will post 6.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in shares of Choice Hotels International by 7.0% during the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock valued at $389,298,000 after acquiring an additional 207,019 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Choice Hotels International by 4.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock valued at $264,871,000 after buying an additional 91,351 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Choice Hotels International by 144.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock valued at $106,402,000 after buying an additional 554,479 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Choice Hotels International by 1.3% in the third quarter. Congress Asset Management Co. MA now owns 878,914 shares of the company’s stock valued at $107,676,000 after buying an additional 11,368 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock valued at $70,396,000 after buying an additional 62,174 shares during the last quarter. 65.57% of the stock is owned by 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.