Choice Hotels International (NYSE:CHH) Price Target Raised to $141.00 at Morgan Stanley

Choice Hotels International (NYSE:CHH) had its price objective hoisted by analysts at Morgan Stanley from $134.00 to $141.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 3.22% from the company’s previous close.

A number of other research firms also recently issued reports on CHH. UBS Group cut their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded 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 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. Robert W. Baird increased their target price on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Susquehanna raised their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $130.00.

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $1.35 on Wednesday, hitting $145.69. The company’s stock had a trading volume of 70,162 shares, compared to its average volume of 479,533. The company has a fifty day moving average price of $133.15 and a 200-day moving average price of $125.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International has a one year low of $108.91 and a one year high of $149.75. The firm has a market cap of $6.83 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. On average, equities analysts anticipate that Choice Hotels International will post 6.82 earnings per share for the current year.

Insider Activity

In related news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 of the company’s stock, valued at $5,940,623.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,437 shares of company stock valued at $9,788,980. 24.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its position in shares of Choice Hotels International by 17.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after purchasing an additional 5,156 shares during the last quarter. Twin Tree Management LP bought a new position in Choice Hotels International in the 1st quarter worth about $6,248,000. SG Americas Securities LLC boosted its position in shares of Choice Hotels International by 161.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after acquiring an additional 6,384 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after acquiring an additional 195,956 shares during the last quarter. Finally, &PARTNERS bought a new stake in shares of Choice Hotels International during the 2nd quarter valued at about $366,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

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.