Susquehanna Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price target boosted by Susquehanna from $125.00 to $130.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

CHH has been the subject of several other research reports. The Goldman Sachs Group boosted their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday. Robert W. Baird increased their price target on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Barclays increased their target price on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Choice Hotels International presently has a consensus rating of “Hold” and a consensus target price of $128.70.

Choice Hotels International Price Performance

NYSE CHH traded up $0.93 during trading hours on Thursday, reaching $144.91. The company’s stock had a trading volume of 302,238 shares, compared to its average volume of 481,131. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.71. The stock has a market cap of $6.84 billion, a PE ratio of 27.57, a PEG ratio of 2.15 and a beta of 1.24. The company’s 50-day moving average is $132.10 and its two-hundred day moving average is $124.43. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $149.75.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) 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 the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Analysts forecast that Choice Hotels International will post 6.78 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were issued a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.79%. Choice Hotels International’s dividend payout ratio is presently 22.03%.

Insiders Place Their Bets

In other news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares in the company, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the completion of the transaction, the executive vice president now owns 68,509 shares in the company, valued at approximately $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,245 shares of company stock valued at $8,746,500 in the last ninety days. Corporate insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Norden Group LLC boosted its position in shares of Choice Hotels International by 41.3% during the first quarter. Norden Group LLC now owns 3,464 shares of the company’s stock worth $438,000 after buying an additional 1,013 shares during the period. BNP Paribas Financial Markets grew its holdings in Choice Hotels International by 62.8% in the 1st quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after buying an additional 8,485 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Choice Hotels International by 8.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,193 shares of the company’s stock worth $5,205,000 after buying an additional 3,201 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Choice Hotels International by 6.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $545,000 after acquiring an additional 246 shares during the period. 65.57% of the stock is currently owned by institutional investors.

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.