Choice Hotels International (NYSE:CHH) Upgraded at Redburn Atlantic

Choice Hotels International (NYSE:CHH - Get Free Report) was upgraded by research analysts at Redburn Atlantic from a "sell" rating to a "neutral" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $132.00 price target on the stock. Redburn Atlantic's target price suggests a potential upside of 0.50% from the stock's previous close.

Several other equities analysts have also issued reports on CHH. Susquehanna boosted their price target on Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their target price on shares of 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. StockNews.com cut shares of Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Bank of America upped their price objective on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Barclays raised their target price 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. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the 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 Down 1.6 %

NYSE CHH traded down $2.17 on Monday, hitting $131.35. The company's stock had a trading volume of 305,252 shares, compared to its average volume of 412,380. The firm has a market cap of $6.14 billion, a PE ratio of 21.08, a PEG ratio of 1.90 and a beta of 1.25. The company's 50-day moving average is $142.97 and its 200 day moving average is $140.66. 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 results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The business had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. On average, equities analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

Insider Activity

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the company's 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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction dated Tuesday, February 25th. The shares were 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 owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. This represents a 4.83 % 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

A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Choice Hotels International during the 4th quarter valued at $48,201,000. Erste Asset Management GmbH purchased a new stake in Choice Hotels International during the third quarter worth about $19,545,000. Balyasny Asset Management L.P. raised its position in 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 worth $41,577,000 after acquiring an additional 120,376 shares during the period. JPMorgan Chase & Co. boosted its stake in Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock valued at $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 fourth quarter valued at about $15,354,000. 65.57% of the stock is currently 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.