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

Choice Hotels International (NYSE:CHH) had its price target increased by analysts at Morgan Stanley from $134.00 to $141.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 2.23% from the stock’s current price.

CHH has been the topic of several other research reports. Susquehanna boosted their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Barclays lifted their price objective 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. Truist Financial lowered their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group raised their price objective on Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $130.00.

Choice Hotels International Trading Down 0.4 %

Shares of CHH stock opened at $144.22 on Wednesday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a fifty day simple moving average of $133.93 and a two-hundred day simple moving average of $125.35. The firm has a market capitalization of $6.76 billion, a PE ratio of 27.63, a PEG ratio of 2.28 and a beta of 1.24. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $149.75.

Choice Hotels International (NYSE:CHH) last issued its 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. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter last year, the company earned $1.82 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Choice Hotels International will post 6.82 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Simone Wu sold 7,840 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This trade represents a 14.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Pacious sold 7,192 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,437 shares of company stock valued at $9,788,980 in the last 90 days. Company insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds have recently made changes to their positions in CHH. Allspring Global Investments Holdings LLC raised its holdings in Choice Hotels International by 144.4% in 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 in the last quarter. Blue Trust Inc. lifted its position in Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Covestor Ltd boosted its stake in Choice Hotels International by 163.2% in the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after acquiring an additional 142 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in Choice Hotels International by 129.4% in the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after purchasing an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Choice Hotels International by 1,146.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after purchasing an additional 367 shares during the last quarter. 65.57% of the stock is currently 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.