JPMorgan Chase & Co. Raises Choice Hotels International (NYSE:CHH) Price Target to $135.00

Choice Hotels International (NYSE:CHH) had its target price hoisted by JPMorgan Chase & Co. from $122.00 to $135.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities analysts have also issued research reports about the company. Susquehanna raised their price objective on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Wednesday, November 6th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group raised their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research report on Tuesday. Finally, Truist Financial increased their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, seven have given 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 a consensus price target of $134.18.

Choice Hotels International Trading Up 0.1 %

NYSE:CHH opened at $146.52 on Friday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $153.81. The stock has a market cap of $6.87 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.30 and a beta of 1.23. The stock has a 50-day simple moving average of $142.50 and a 200-day simple moving average of $129.74.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 earnings per share. As a group, analysts anticipate that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International’s payout ratio is 22.03%.

Insider Transactions at Choice Hotels International

In other news, insider Robert J. Mcdowell sold 8,712 shares of Choice Hotels International stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.99, for a total transaction of $1,176,032.88. Following the completion of the transaction, the insider now owns 38,502 shares of the company’s stock, valued at $5,197,384.98. The trade was a 18.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction dated 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 owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This trade represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,412 shares of company stock valued at $8,582,271. Corporate insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas purchased a new position in Choice Hotels International during the third quarter worth $2,691,000. Franklin Resources Inc. raised its stake in Choice Hotels International by 26.2% in the 3rd quarter. Franklin Resources Inc. now owns 16,048 shares of the company’s stock valued at $2,155,000 after purchasing an additional 3,330 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after purchasing an additional 4,219 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Choice Hotels International during the third quarter worth about $55,000. Finally, TD Private Client Wealth LLC raised its position in shares of Choice Hotels International by 30.1% in the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after buying an additional 3,446 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Company Profile

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.