Barclays Cuts Choice Hotels International (NYSE:CHH) Price Target to $114.00

Choice Hotels International (NYSE:CHH) had its price target dropped by equities research analysts at Barclays from $122.00 to $114.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 1.60% from the stock’s previous close.

CHH has been the subject of a number of other reports. Jefferies Financial Group raised Choice Hotels International from an “underperform” rating to a “buy” rating and raised their price target for the stock from $96.00 to $156.00 in a research note on Monday, March 11th. Truist Financial lifted their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. StockNews.com lowered Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $138.00 price target on shares of Choice Hotels International in a research note on Monday, January 22nd. Three equities research 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 currently has an average rating of “Hold” and an average target price of $130.90.

Choice Hotels International Stock Down 1.0 %

Choice Hotels International stock traded down $1.22 during trading hours on Friday, hitting $115.85. The company had a trading volume of 89,675 shares, compared to its average volume of 565,322. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $136.02. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $5.75 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. The firm’s fifty day moving average is $120.89 and its 200-day moving average is $117.35.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $369.44 million. During the same period in the previous year, the company posted $1.26 EPS. Choice Hotels International’s revenue was down 1.0% on a year-over-year basis. On average, research analysts forecast that Choice Hotels International will post 6.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in shares of Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in Choice Hotels International during the 2nd quarter valued at $27,000. Dark Forest Capital Management LP bought a new stake in Choice Hotels International in the 1st quarter valued at $28,000. Vima LLC bought a new stake in Choice Hotels International in the 4th quarter valued at $36,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Choice Hotels International in the 4th quarter worth $45,000. 65.57% 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.