Choice Hotels International (NYSE:CHH) Given New $135.00 Price Target at JPMorgan Chase & Co.

Choice Hotels International (NYSE:CHH - Get Free Report) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $122.00 to $135.00 in a report issued on Friday,Benzinga reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 7.82% from the company's current price.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Robert W. Baird upped their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Jefferies Financial Group cut Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 target price on the stock. in a research report on Wednesday, November 6th. StockNews.com raised Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. Finally, Morgan Stanley raised their price target on Choice Hotels International from $134.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Choice Hotels International has a consensus rating of "Hold" and a consensus target price of $134.18.

Choice Hotels International Stock Up 0.0 %

NYSE CHH traded up $0.05 during trading on Friday, reaching $146.45. 139,911 shares of the company's stock were exchanged, compared to its average volume of 461,228. The company has a 50 day moving average price of $142.22 and a two-hundred day moving average price of $129.52. The stock has a market cap of $6.87 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $153.81. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to analysts' expectations of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, equities research analysts anticipate that Choice Hotels International will post 6.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the sale, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. The trade was a 8.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick Pacious sold 26,816 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $58,551,123.54. This trade represents a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,412 shares of company stock worth $8,582,271. 24.02% of the stock is owned by insiders.

Institutional Trading of Choice Hotels International

Institutional investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC lifted its position in shares of Choice Hotels International by 12.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company's stock valued at $110,000 after acquiring an additional 96 shares during the period. AGF Management Ltd. increased its stake in Choice Hotels International by 0.5% in the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company's stock valued at $2,492,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank raised its holdings in Choice Hotels International by 4.7% during the third quarter. Huntington National Bank now owns 2,267 shares of the company's stock worth $295,000 after purchasing an additional 101 shares during the last quarter. Aurora Investment Managers LLC. boosted its position in Choice Hotels International by 0.9% during the third quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company's stock worth $1,624,000 after purchasing an additional 113 shares in the last quarter. Finally, Caprock Group LLC grew its stake in Choice Hotels International by 4.4% in the 2nd quarter. Caprock Group LLC now owns 3,251 shares of the company's stock valued at $387,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.

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.