Choice Hotels International (NYSE:CHH) Given New $144.00 Price Target at Truist Financial

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 note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price target would suggest a potential upside of 8.58% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the company. Barclays boosted their price objective on Choice Hotels International from $129.00 to $132.00 and gave the company an "underweight" rating in a research note on Friday, February 21st. Morgan Stanley upped their price target on shares of Choice Hotels International from $131.00 to $139.00 and gave the company an "underweight" rating in a research note on Tuesday, March 4th. StockNews.com lowered shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Wells Fargo & Company dropped their target price on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 4th. Finally, Bank of America lifted their price target on Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Five equities research 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.com, the stock presently has an average rating of "Hold" and an average target price of $140.62.

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Choice Hotels International Stock Performance

CHH traded up $1.15 during midday trading on Friday, reaching $132.62. The company had a trading volume of 365,226 shares, compared to its average volume of 407,487. Choice Hotels International has a 12-month low of $109.22 and a 12-month high of $157.86. The business has a 50-day moving average price of $143.54 and a two-hundred day moving average price of $140.70. The stock has a market cap of $6.20 billion, a PE ratio of 21.29, a P/E/G ratio of 1.90 and a beta of 1.25.

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

Insider Activity

In related news, EVP Dominic Dragisich sold 3,500 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now directly owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares of the company's stock, valued at $4,622,821.60. The trade was 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.

Hedge Funds Weigh In On Choice Hotels International

Several institutional investors and hedge funds have recently made changes to their positions in CHH. Raymond James Financial Inc. bought a new stake in Choice Hotels International in the fourth quarter worth $48,201,000. Erste Asset Management GmbH bought a new stake in shares of Choice Hotels International in the 3rd quarter valued at about $19,545,000. Balyasny Asset Management L.P. boosted its holdings in Choice Hotels International by 69.8% during 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 during the period. JPMorgan Chase & Co. grew its position in Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock worth $52,419,000 after acquiring an additional 111,903 shares during the last quarter. Finally, Norges Bank purchased a new position in Choice Hotels International in the 4th quarter worth approximately $15,354,000. Institutional investors own 65.57% of the company's stock.

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.