The Goldman Sachs Group Increases Choice Hotels International (NYSE:CHH) Price Target to $138.00

Choice Hotels International (NYSE:CHH - Get Free Report) had its price objective upped by investment analysts at The Goldman Sachs Group from $118.00 to $138.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "sell" rating on the stock. The Goldman Sachs Group's target price would suggest a potential downside of 4.26% from the company's previous close.

Several other research firms have also weighed in on CHH. StockNews.com upgraded Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Truist Financial raised their target price on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Barclays increased 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 report on Tuesday, November 5th. Finally, Robert W. Baird boosted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $132.27.

Choice Hotels International Trading Up 0.5 %

NYSE:CHH traded up $0.72 during mid-day trading on Tuesday, hitting $144.14. The company had a trading volume of 218,925 shares, compared to its average volume of 464,644. 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 fifty-two week low of $108.91 and a fifty-two week high of $153.81. The firm has a market cap of $6.76 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.34 and a beta of 1.23. The business's fifty day moving average is $141.30 and its two-hundred day moving average is $129.09.

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

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the sale, the chief executive officer now directly owns 404,666 shares of the company's stock, valued at approximately $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 45,669 shares of the company's stock, valued at approximately $5,940,623.52. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,412 shares of company stock worth $8,582,271 in the last three months. Insiders own 24.02% of the company's stock.

Institutional Investors Weigh In On Choice Hotels International

Institutional investors and hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC raised its stake in Choice Hotels International by 12.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company's stock valued at $110,000 after acquiring an additional 96 shares during the period. AGF Management Ltd. raised its position in shares of Choice Hotels International by 0.5% in the second quarter. AGF Management Ltd. now owns 20,940 shares of the company's stock valued at $2,492,000 after purchasing an additional 101 shares during the period. Huntington National Bank lifted its stake in shares of Choice Hotels International by 4.7% during the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company's stock worth $295,000 after buying an additional 101 shares during the last quarter. Aurora Investment Managers LLC. boosted its holdings in shares of Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company's stock worth $1,624,000 after buying an additional 113 shares during the period. Finally, Caprock Group LLC grew its stake in Choice Hotels International by 4.4% in the 2nd quarter. Caprock Group LLC now owns 3,251 shares of the company's stock valued at $387,000 after buying an additional 137 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.