Choice Hotels International (NYSE:CHH) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Choice Hotels International (NYSE:CHH) had its price objective upped by The Goldman Sachs Group from $105.00 to $118.00 in a research note published on Tuesday,Benzinga reports. They currently have a sell rating on the stock.

A number of other analysts have also recently commented on CHH. Truist Financial reduced their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. UBS Group dropped their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a research report on Friday, July 19th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $128.70.

Choice Hotels International Stock Up 0.6 %

Shares of Choice Hotels International stock opened at $144.91 on Tuesday. 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 capitalization of $6.84 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $149.75. The company has a 50-day simple moving average of $132.45 and a two-hundred day simple moving average of $124.63.

Choice Hotels International (NYSE:CHH) last issued its earnings results 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 business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. On average, analysts anticipate that Choice Hotels International will post 6.78 EPS for the current fiscal 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 paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.79%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 22.03%.

Insider Buying and Selling

In related news, CEO Patrick Pacious sold 26,816 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total value of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $58,551,123.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 $58,551,123.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Simone Wu sold 7,840 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,245 shares of company stock valued at $8,746,500 in the last 90 days. Company insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake 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 worth $25,000 after purchasing an additional 117 shares in the last quarter. Blue Trust Inc. raised its position in Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after buying an additional 166 shares during the last quarter. Covestor Ltd raised its position in Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the last quarter. Tortoise Investment Management LLC raised its position in Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Choice Hotels International by 1,146.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after buying an additional 367 shares during the last quarter. 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.