Choice Hotels International (NYSE:CHH) Price Target Raised to $123.00

Choice Hotels International (NYSE:CHH) had its price objective raised by Barclays from $112.00 to $123.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group assumed coverage on Choice Hotels International in a research report on Wednesday, September 18th. They set a “sell” rating and a $105.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a research report on Friday, July 19th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, UBS Group decreased their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $128.70.

Choice Hotels International Trading Up 0.6 %

Shares of NYSE CHH opened at $144.91 on Tuesday. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. Choice Hotels International has a 12-month low of $108.91 and a 12-month high of $149.75. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The stock’s 50 day simple moving average is $132.45 and its 200 day simple moving average is $124.63.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million for 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 revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS. Equities research analysts expect that Choice Hotels International will post 6.78 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Insiders Place Their Bets

In other news, EVP Dominic Dragisich sold 9,138 shares of Choice Hotels International stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at approximately $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Dominic Dragisich sold 9,138 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick Pacious sold 26,816 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total value of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $58,551,123.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,245 shares of company stock valued at $8,746,500 over the last quarter. Insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new position in shares of Choice Hotels International in the 3rd quarter worth approximately $358,000. Huntington National Bank boosted its holdings in shares of Choice Hotels International by 4.7% in the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock worth $295,000 after acquiring an additional 101 shares in the last quarter. Versor Investments LP acquired a new position in Choice Hotels International during the 3rd quarter worth $860,000. Venturi Wealth Management LLC lifted its holdings in Choice Hotels International by 42.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,481 shares of the company’s stock worth $323,000 after buying an additional 734 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Choice Hotels International by 20.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,288 shares of the company’s stock worth $298,000 after buying an additional 385 shares in the last quarter. 65.57% of the stock is currently 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.