Choice Hotels International (NYSE:CHH) Price Target Raised to $129.00 at Barclays

Choice Hotels International (NYSE:CHH) had its target price hoisted by Barclays from $123.00 to $129.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities research analysts have also issued reports on CHH. Robert W. Baird increased their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday. Susquehanna boosted their price target on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Four research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.18.

Choice Hotels International Stock Up 0.1 %

Shares of CHH opened at $146.52 on Friday. The firm has a market cap of $6.87 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The company’s fifty day moving average is $142.50 and its two-hundred day moving average is $129.74. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $153.81.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS 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 analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. Analysts forecast that Choice Hotels International will post 6.84 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.78%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling

In related news, insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the transaction, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,412 shares of company stock worth $8,582,271. Corporate insiders own 24.02% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CHH. SG Americas Securities LLC boosted its position in 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 purchasing an additional 6,384 shares during the period. &PARTNERS bought a new stake in shares of Choice Hotels International in the 2nd quarter worth approximately $366,000. Erste Asset Management GmbH acquired a new stake in Choice Hotels International during the third quarter valued at approximately $19,545,000. TD Private Client Wealth LLC lifted its position in shares of Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after acquiring an additional 3,446 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Choice Hotels International during the third quarter worth $42,280,000. 65.57% of the stock is currently owned by 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.