Choice Hotels International (NYSE:CHH) Price Target Lowered to $111.00 at Barclays

Choice Hotels International (NYSE:CHH - Get Free Report) had its price target reduced by stock analysts at Barclays from $132.00 to $111.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Barclays's price target points to a potential downside of 11.16% from the company's previous close.

A number of other brokerages have also issued reports on CHH. Redburn Atlantic upgraded Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target for the company in a research report on Monday, March 24th. Bank of America increased their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group dropped their price target on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley dropped their target price on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a report on Tuesday. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Choice Hotels International presently has an average rating of "Hold" and a consensus price target of $135.69.

Choice Hotels International Stock Down 1.0 %

NYSE CHH traded down $1.25 during trading hours on Tuesday, hitting $124.95. The company had a trading volume of 32,563 shares, compared to its average volume of 410,593. The firm has a market cap of $5.84 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08. Choice Hotels International has a fifty-two week low of $109.22 and a fifty-two week high of $157.86. The business has a fifty day simple moving average of $133.20 and a 200-day simple moving average of $140.08.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. Equities analysts forecast that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the sale, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The shares were 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 represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company's stock.

Institutional Trading of Choice Hotels International

Several institutional investors have recently made changes to their positions in CHH. Raymond James Financial Inc. purchased a new stake in Choice Hotels International in the 4th quarter worth approximately $48,201,000. Balyasny Asset Management L.P. raised its stake in shares of Choice Hotels International by 69.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock valued at $41,577,000 after acquiring an additional 120,376 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 worth $52,419,000 after buying an additional 111,903 shares during the last quarter. Norges Bank bought a new stake in shares of Choice Hotels International during the 4th quarter worth $15,354,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Choice Hotels International in the 4th quarter valued at $10,779,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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.