Choice Hotels International (NYSE:CHH) Upgraded by Redburn Atlantic to Neutral Rating

Choice Hotels International (NYSE:CHH - Get Free Report) was upgraded by stock analysts at Redburn Atlantic from a "sell" rating to a "neutral" rating in a research note issued to investors on Monday, Marketbeat reports. The firm presently has a $132.00 price objective on the stock. Redburn Atlantic's target price points to a potential downside of 0.47% from the company's current price.

A number of other equities analysts also recently commented on the company. Barclays raised their price objective on Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a report on Friday, February 21st. The Goldman Sachs Group boosted their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. Susquehanna increased their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Robert W. Baird lifted their target price on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price target on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a report on Tuesday, March 4th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $140.62.

Remove Ads

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $1.15 during trading on Monday, 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 stock's 50 day moving average price is $143.54 and its two-hundred day moving average price is $140.70. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data 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 net margin of 18.91% and a negative return on equity of 472.31%. The company had revenue of $389.77 million during the quarter, compared to analysts' expectations of $374.24 million. As a group, research analysts expect that Choice Hotels International will post 7.07 earnings per share for the current year.

Insider Activity

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the firm'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 transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dominic Dragisich sold 3,500 shares of the business's 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 sale, the executive vice president now directly 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. Company insiders own 24.02% of the company's stock.

Hedge Funds Weigh In On Choice Hotels International

A number of large investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA raised its position in shares of Choice Hotels International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company's stock worth $506,000 after purchasing an additional 74 shares during the period. Commonwealth Equity Services LLC grew its stake in Choice Hotels International by 0.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company's stock worth $1,838,000 after buying an additional 76 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock worth $52,000 after buying an additional 86 shares during the period. Captrust Financial Advisors lifted its stake in Choice Hotels International by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 2,069 shares of the company's stock valued at $294,000 after buying an additional 90 shares during the last quarter. Finally, Occudo Quantitative Strategies LP boosted its holdings in shares of Choice Hotels International by 3.2% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company's stock valued at $435,000 after acquiring an additional 95 shares during the period. 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.