Choice Hotels International, Inc. (NYSE:CHH) had its price objective raised by equities research analysts at Barclays PLC from $60.00 to $67.00 in a report issued on Tuesday. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s price target would suggest a potential downside of 9.21% from the stock’s previous close.

Several other research firms have also weighed in on CHH. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, October 17th. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG lowered their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.14.

Shares of Choice Hotels International (NYSE CHH) traded up $4.00 during midday trading on Tuesday, hitting $73.80. 350,021 shares of the stock were exchanged, compared to its average volume of 204,466. The firm has a market cap of $3,943.47, a P/E ratio of 25.85, a P/E/G ratio of 2.97 and a beta of 1.13. Choice Hotels International has a 1 year low of $47.95 and a 1 year high of $74.40. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of -3.42.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.03. The company had revenue of $295.09 million during the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. Choice Hotels International’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. sell-side analysts expect that Choice Hotels International will post 2.85 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Choice Hotels International, Inc. (CHH) Price Target Raised to $67.00” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.watchlistnews.com/choice-hotels-international-inc-chh-price-target-raised-to-67-00/1685850.html.

In other Choice Hotels International news, insider David A. Pepper sold 1,071 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $61.09, for a total transaction of $65,427.39. Following the completion of the sale, the insider now owns 69,864 shares in the company, valued at approximately $4,267,991.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruce Bainum sold 7,977 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $62.15, for a total transaction of $495,770.55. The disclosure for this sale can be found here. Insiders have sold a total of 40,320 shares of company stock valued at $2,490,287 in the last 90 days. 22.01% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in CHH. BlackRock Inc. increased its stake in Choice Hotels International by 2,026.0% during the 1st quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock valued at $146,706,000 after purchasing an additional 2,233,299 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Choice Hotels International by 409.0% in the 1st quarter. Teachers Advisors LLC now owns 314,681 shares of the company’s stock worth $19,699,000 after acquiring an additional 252,857 shares in the last quarter. Federated Investors Inc. PA bought a new stake in shares of Choice Hotels International in the 2nd quarter worth $14,852,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Choice Hotels International by 102.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 442,957 shares of the company’s stock worth $28,460,000 after acquiring an additional 223,911 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Choice Hotels International by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after acquiring an additional 197,890 shares in the last quarter. Institutional investors and hedge funds own 50.46% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

Receive News & Ratings for Choice Hotels International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.