Choice Hotels International (NYSE:CHH) Price Target Raised to $146.00 at Truist Financial

Choice Hotels International (NYSE:CHH) had its target price upped by Truist Financial from $142.00 to $146.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Choice Hotels International from an underweight rating to a neutral rating and set a $115.00 price objective for the company in a research note on Thursday, December 14th. Robert W. Baird reiterated an outperform rating and set a $138.00 target price on shares of Choice Hotels International in a research report on Monday, January 22nd. StockNews.com cut shares of Choice Hotels International from a hold rating to a sell rating in a research report on Wednesday, February 21st. Barclays raised their target price on shares of Choice Hotels International from $114.00 to $119.00 and gave the company an underweight rating in a research note on Wednesday, February 21st. Finally, Jefferies Financial Group raised shares of Choice Hotels International from an underperform rating to a buy rating and raised their target price for the company from $96.00 to $156.00 in a research note on Monday, March 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $131.40.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock traded down $0.72 on Thursday, reaching $128.24. The stock had a trading volume of 847,606 shares, compared to its average volume of 577,104. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50-day moving average price is $118.42 and its two-hundred day moving average price is $117.39. The stock has a market cap of $6.36 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.20. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $136.02.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business had revenue of $358.40 million during the quarter, compared to the consensus estimate of $369.44 million. During the same period in the prior year, the firm earned $1.26 EPS. Choice Hotels International’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Choice Hotels International will post 6.45 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.90%. Choice Hotels International’s payout ratio is 22.73%.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vima LLC bought a new stake in shares of Choice Hotels International in the fourth quarter valued at about $36,000. Goldman Sachs Group Inc. boosted its position in shares of Choice Hotels International by 27.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 112,342 shares of the company’s stock valued at $12,728,000 after acquiring an additional 23,981 shares during the period. Virtu Financial LLC bought a new stake in Choice Hotels International during the fourth quarter worth about $1,072,000. Public Employees Retirement System of Ohio lifted its position in Choice Hotels International by 0.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 44,332 shares of the company’s stock worth $5,023,000 after purchasing an additional 130 shares during the period. Finally, Barclays PLC lifted its position in Choice Hotels International by 150.1% during the fourth quarter. Barclays PLC now owns 48,834 shares of the company’s stock worth $5,534,000 after purchasing an additional 29,311 shares during the period. 68.78% of the stock is 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.