Choice Hotels International (NYSE:CHH) Stock Rating Upgraded by StockNews.com

Choice Hotels International (NYSE:CHH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other analysts have also recently issued reports about the company. Barclays reduced their price target on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a report on Friday, August 9th. Robert W. Baird reduced their target price on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, August 12th. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a research note on Friday, July 19th. Truist Financial reduced their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, UBS Group dropped their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International presently has an average rating of “Hold” and a consensus price target of $125.64.

Choice Hotels International Trading Up 1.9 %

Shares of CHH stock opened at $132.16 on Thursday. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $134.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The business’s 50 day moving average is $126.19 and its two-hundred day moving average is $122.17. The company has a market capitalization of $6.37 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm had revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. During the same period in the prior year, the firm posted $1.75 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Choice Hotels International will post 6.38 EPS for the current year.

Insider Activity at Choice Hotels International

In other news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares in the company, valued at $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,241 shares of company stock valued at $5,517,383. 24.02% of the stock is owned by corporate insiders.

Institutional Trading of Choice Hotels International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHH. State Board of Administration of Florida Retirement System boosted its position in shares of Choice Hotels International by 17.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after acquiring an additional 5,156 shares during the last quarter. Occudo Quantitative Strategies LP boosted its holdings in shares of Choice Hotels International by 136.6% in the 4th quarter. Occudo Quantitative Strategies LP now owns 48,299 shares of the company’s stock valued at $5,472,000 after purchasing an additional 27,885 shares during the last quarter. Congress Asset Management Co. MA grew its stake in shares of Choice Hotels International by 29.8% during the 1st quarter. Congress Asset Management Co. MA now owns 50,479 shares of the company’s stock valued at $6,378,000 after buying an additional 11,581 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Choice Hotels International by 62.8% during 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 during the last quarter. Finally, Twin Tree Management LP acquired a new position in Choice Hotels International in the first quarter valued at $6,248,000. Hedge funds and other 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.