Truist Financial Raises Choice Hotels International (NYSE:CHH) Price Target to $144.00

Choice Hotels International (NYSE:CHH - Get Free Report) had its price target boosted by stock analysts at Truist Financial from $136.00 to $144.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "hold" rating on the stock. Truist Financial's target price would indicate a potential upside of 9.31% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Susquehanna lifted their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Robert W. Baird boosted their price objective 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. Jefferies Financial Group raised their target price on Choice Hotels International from $150.00 to $152.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research report on Tuesday, March 4th. Finally, Bank of America boosted their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Choice Hotels International presently has an average rating of "Hold" and a consensus target price of $140.62.

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Choice Hotels International Stock Performance

Shares of NYSE:CHH traded up $2.22 during trading hours on Friday, hitting $131.74. The stock had a trading volume of 101,524 shares, compared to its average volume of 407,271. The stock's fifty day simple moving average is $143.92 and its 200 day simple moving average is $140.58. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.90 and a beta of 1.25. Choice Hotels International has a 1-year low of $109.22 and a 1-year high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million during 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%. As a group, research analysts anticipate that Choice Hotels International will post 7.07 EPS for the current year.

Insider Buying and Selling at Choice Hotels International

In related 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 transaction of $519,050.00. Following the completion of the sale, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of 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 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

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Choice Hotels International during the 4th quarter worth $48,201,000. Erste Asset Management GmbH bought a new stake in Choice Hotels International during the third quarter valued at about $19,545,000. Balyasny Asset Management L.P. grew its position in shares of Choice Hotels International by 69.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock valued at $41,577,000 after purchasing an additional 120,376 shares during the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 111,903 shares during the period. Finally, Norges Bank acquired a new position in shares of Choice Hotels International during the 4th quarter worth about $15,354,000. 65.57% of the stock is owned by institutional investors and hedge funds.

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.