Barclays Increases Choice Hotels International (NYSE:CHH) Price Target to $132.00

Choice Hotels International (NYSE:CHH) had its target price increased by equities research analysts at Barclays from $129.00 to $132.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 13.07% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Morgan Stanley restated an “underweight” rating and issued a $129.00 price target (down from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Truist Financial boosted their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Susquehanna upped their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $136.58.

Choice Hotels International Price Performance

CHH opened at $151.84 on Friday. The business has a fifty day moving average price of $145.02 and a 200 day moving average price of $138.21. Choice Hotels International has a 12 month low of $108.91 and a 12 month high of $157.86. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.85 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. On average, research analysts anticipate that Choice Hotels International will post 6.84 earnings per share for the current year.

Hedge Funds Weigh In On Choice Hotels International

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Choice Hotels International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company’s stock worth $344,070,000 after purchasing an additional 8,362 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Choice Hotels International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock valued at $134,822,000 after buying an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after buying an additional 111,903 shares during the period. Raymond James Financial Inc. purchased a new stake in Choice Hotels International in the 4th quarter worth approximately $48,201,000. Finally, Balyasny Asset Management L.P. raised its holdings in Choice Hotels International by 69.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock valued at $41,577,000 after acquiring an additional 120,376 shares during the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

About Choice Hotels International

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.