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Barclays lowers Choice Hotels International’s (NYSE:CHH) price target to $114.00

Vaseline 1 month ago

Choice Hotels International (NYSE:CHH – Get a Free Report) The price target was lowered by investment analysts at Barclays from $122.00 to $114.00 in a note issued to investors on Friday, Benzinga reports. The company currently has an ‘underweight’ rating on the stock. Barclays’ price target indicates a potential downside of 2.02% to the company’s current share price.

Several other research analysts also commented on the company. downgraded Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and increased their price target for the stock from $96.00 to $156.00 in a research report on Monday, March 11. Truist Financial raised their price target on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 14. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $138.00 target price on shares of Choice Hotels International in a research report on Monday, January 22. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of ‘Hold’ and a consensus price of $130.90.

Check out our latest research report on Choice Hotels International

Choice Hotels International price performance

CHH stock opened at $116.35 on Friday. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $136.02. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 22.99, a price-to-earnings growth ratio of 2.00 and a beta of 1.21. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02. The stock’s fifty-day simple moving average is $120.80 and its 200-day simple moving average is $117.30.

Choice Hotels International (NYSE:CHH – Get Free Report) posted its latest earnings results on Tuesday, February 20. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The company had revenue of $358.40 million for the quarter, compared to analyst expectations of $369.44 million. In the same quarter last year, the company earned $1.26 in earnings per share. The company’s revenue for the quarter decreased 1.0% compared to the same quarter last year. Equities research analysts expect Choice Hotels International to post 6.45 earnings per share for the current year.

Hedge funds weigh heavily on Choice Hotels International

Several hedge funds and other institutional investors have recently made changes to their positions in CHH. Allspring Global Investments Holdings LLC increased its stake in 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 purchasing an additional 117 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Choice Hotels International worth $27,000 in the second quarter. Dark Forest Capital Management LP bought a new position in shares of Choice Hotels International worth $28,000 in the first quarter. Vima LLC bought a new position in shares of Choice Hotels International in the fourth quarter valued at $36,000. Finally, Wetzel bought Investment Advisors Inc. in the fourth quarter, a new position in shares of Choice Hotels International, valued at $45,000. 65.57% of the shares are currently held by institutional investors and hedge funds.

About Choice Hotels International

(Get a free report)

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through the Hotel Franchising & Management and Corporate & Other segments. The company franchises properties under the brands 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.

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Analyst recommendations for Choice Hotels International (NYSE:CHH)

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