Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price objective raised by Deutsche Bank Aktiengesellschaft from $113.00 to $114.00 in a report released on Tuesday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other research firms have also issued reports on CHH. Truist Financial cut their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. The Goldman Sachs Group started coverage on shares of Choice Hotels International in a research note on Wednesday, September 18th. They set a “sell” rating and a $105.00 target price for the company. Robert W. Baird set a $138.00 target price on shares of Choice Hotels International in a report on Thursday, October 17th. Finally, Barclays lowered their price target on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $128.70.

Choice Hotels International Stock Up 0.8 %

NYSE CHH traded up $1.13 on Tuesday, reaching $145.11. The company had a trading volume of 67,311 shares, compared to its average volume of 479,881. The company’s fifty day moving average is $132.10 and its 200-day moving average is $124.43. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.71. Choice Hotels International has a 1-year low of $108.91 and a 1-year high of $149.75.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. On average, research analysts forecast that Choice Hotels International will post 6.78 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the sale, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 37,429 shares of company stock valued at $4,866,493 in the last three months. Corporate insiders own 24.02% of the company’s stock.

Institutional Trading of Choice Hotels International

Several institutional investors and hedge funds have recently modified their holdings of CHH. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after acquiring an additional 1,788,563 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Choice Hotels International by 7.7% during the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after buying an additional 195,956 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Choice Hotels International by 917.2% in the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock worth $19,254,000 after buying an additional 145,893 shares during the period. Raymond James & Associates boosted its holdings in Choice Hotels International by 45.4% during the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after acquiring an additional 113,951 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Choice Hotels International by 51.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after acquiring an additional 90,765 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

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.