Truist Financial Issues Positive Forecast for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH) had its price objective lifted by Truist Financial from $136.00 to $144.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target suggests a potential upside of 11.07% from the company’s current price.

CHH has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price objective on Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Robert W. Baird upped their target price on Choice Hotels International from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Bank of America upped their target price on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group upped their target price on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Finally, Susquehanna upped their target price on Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Choice Hotels International has a consensus rating of “Hold” and an average price target of $141.33.

Choice Hotels International Stock Performance

Shares of CHH stock opened at $129.65 on Friday. The stock’s 50-day simple moving average is $143.92 and its 200-day simple moving average is $140.48. The firm has a market capitalization of $6.06 billion, a PE ratio of 20.81, a P/E/G ratio of 1.90 and a beta of 1.25. Choice Hotels International has a fifty-two week low of $109.22 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Sell-side analysts forecast that Choice Hotels International will post 7.07 earnings per share for the current year.

Insider Activity

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Choice Hotels International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company’s stock worth $344,070,000 after buying an additional 8,362 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Choice Hotels International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock worth $134,822,000 after buying an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after purchasing an additional 111,903 shares during the period. Raymond James Financial Inc. acquired a new stake in Choice Hotels International during the fourth quarter worth about $48,201,000. Finally, Balyasny Asset Management L.P. increased its position in Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock worth $41,577,000 after purchasing an additional 120,376 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.