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

Choice Hotels International (NYSE:CHH) had its target price increased by Barclays from $129.00 to $132.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts also recently weighed in on CHH. JPMorgan Chase & Co. upped their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Morgan Stanley reaffirmed an “underweight” rating and set a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Bank of America lifted their target price on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Finally, Truist Financial lifted 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 note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $136.58.

Choice Hotels International Stock Performance

Shares of CHH opened at $150.53 on Friday. Choice Hotels International has a one year low of $108.91 and a one year high of $157.86. The stock’s fifty day moving average is $145.10 and its 200-day moving average is $138.38. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $389.77 million for the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Analysts forecast that Choice Hotels International will post 6.84 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.76%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in Choice Hotels International by 81.4% during the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 179 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after purchasing an additional 86 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Choice Hotels International during the third quarter worth approximately $55,000. Tortoise Investment Management LLC grew its position in Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after purchasing an additional 154 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Choice Hotels International by 836.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after buying an additional 393 shares during the period. 65.57% of the stock is owned by institutional investors and hedge funds.

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.