Choice Hotels International (NYSE:CHH - Get Free Report) had its target price increased by equities researchers at Barclays from $129.00 to $132.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Barclays's price objective suggests a potential downside of 13.07% from the stock's previous close.
A number of other analysts also recently issued reports on the company. Susquehanna lifted their price objective on Choice Hotels International from $125.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Robert W. Baird upped their target price 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. Wells Fargo & Company increased their price target on Choice Hotels International from $133.00 to $138.00 and gave the company an "underweight" rating in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Choice Hotels International currently has an average rating of "Hold" and a consensus target price of $136.58.
Read Our Latest Research Report on CHH
Choice Hotels International Price Performance
Shares of NYSE:CHH opened at $151.84 on Friday. The firm's 50 day simple moving average is $145.02 and its two-hundred day simple moving average is $138.21. The company has a market capitalization of $7.12 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.85 and a beta of 1.23. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $157.86.
Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. On average, sell-side analysts anticipate that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Choice Hotels International
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHH. Blue Trust Inc. raised its stake in shares of Choice Hotels International by 81.4% in the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company's stock valued at $47,000 after acquiring an additional 179 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock valued at $52,000 after buying an additional 86 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Choice Hotels International in the 3rd quarter valued at $55,000. Tortoise Investment Management LLC lifted its stake in Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after acquiring an additional 154 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock valued at $62,000 after acquiring an additional 393 shares during the period. Institutional investors and hedge funds own 65.57% of the company's stock.
Choice Hotels International Company Profile
(
Get Free Report)
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.
Further Reading
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