Choice Hotels International (CHH) Price Target Raised to $82.00

Choice Hotels International (NYSE:CHH) had its price objective increased by analysts at SunTrust Banks to $82.00 in a report released on Wednesday. The brokerage presently has a “hold” rating on the stock. SunTrust Banks’ price target suggests a potential upside of 1.05% from the company’s previous close.

CHH has been the subject of several other research reports. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Tuesday, January 9th. Barclays boosted their price target on shares of Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 7th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price target for the company. in a research note on Wednesday, December 13th. Wells Fargo & Co boosted their price target on shares of Choice Hotels International from $86.00 to $88.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Morgan Stanley dropped their price target on shares of Choice Hotels International from $83.00 to $81.00 and set an “equal weight” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $75.11.

Shares of Choice Hotels International (NYSE CHH) traded up $2.95 during midday trading on Wednesday, reaching $81.15. The company’s stock had a trading volume of 138,020 shares, compared to its average volume of 228,399. The stock has a market capitalization of $4,555.80, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.16. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99. Choice Hotels International has a 52 week low of $59.60 and a 52 week high of $82.85.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. The company had revenue of $237.57 million for the quarter, compared to analyst estimates of $227.65 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. analysts predict that Choice Hotels International will post 2.89 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Northern Trust Corp grew its stake in shares of Choice Hotels International by 0.6% during the second quarter. Northern Trust Corp now owns 256,923 shares of the company’s stock worth $16,506,000 after purchasing an additional 1,610 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Choice Hotels International by 5.4% during the second quarter. Voya Investment Management LLC now owns 12,873 shares of the company’s stock worth $827,000 after purchasing an additional 662 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Choice Hotels International by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after purchasing an additional 106 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Choice Hotels International by 9.1% during the second quarter. Public Employees Retirement System of Ohio now owns 87,390 shares of the company’s stock worth $5,615,000 after purchasing an additional 7,254 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Choice Hotels International by 10.2% during the third quarter. Aperio Group LLC now owns 8,476 shares of the company’s stock worth $542,000 after purchasing an additional 785 shares in the last quarter. Institutional investors and hedge funds own 51.21% of the company’s stock.

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About Choice Hotels International

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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