Choice Hotels International (NYSE:CHH) Price Target Raised to $90.00 at Wells Fargo & Co

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Choice Hotels International (NYSE:CHH) had its target price upped by Wells Fargo & Co from $89.00 to $90.00 in a report published on Tuesday, BenzingaRatingsTable reports. They currently have a market perform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Barclays boosted their target price on shares of Choice Hotels International from $78.00 to $81.00 and gave the stock an underweight rating in a research report on Tuesday, July 2nd. Deutsche Bank reissued a hold rating and issued a $83.00 target price on shares of Choice Hotels International in a research report on Thursday, August 8th. Zacks Investment Research downgraded shares of Choice Hotels International from a hold rating to a sell rating and set a $91.00 target price for the company. in a research report on Monday, July 22nd. Finally, Bank of America downgraded shares of Choice Hotels International from a buy rating to a neutral rating and set a $86.07 target price for the company. in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $84.51.

Choice Hotels International stock opened at $90.48 on Tuesday. Choice Hotels International has a 12-month low of $66.71 and a 12-month high of $91.18. The stock has a market cap of $5.00 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. The business’s fifty day moving average price is $87.63.

Choice Hotels International (NYSE:CHH) last released its earnings results on Tuesday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The company had revenue of $317.68 million during the quarter, compared to the consensus estimate of $304.70 million. Choice Hotels International had a net margin of 20.13% and a negative return on equity of 141.56%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 EPS. As a group, analysts forecast that Choice Hotels International will post 4.24 EPS for the current year.

In other news, Director William L. Jews sold 8,750 shares of Choice Hotels International stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $84.11, for a total value of $735,962.50. Following the completion of the transaction, the director now directly owns 25,952 shares of the company’s stock, valued at approximately $2,182,822.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.90% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. ETF Managers Group LLC boosted its stake in Choice Hotels International by 10.3% during the 1st quarter. ETF Managers Group LLC now owns 1,795 shares of the company’s stock valued at $140,000 after purchasing an additional 167 shares during the period. Eqis Capital Management Inc. boosted its stake in Choice Hotels International by 2.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 6,024 shares of the company’s stock valued at $524,000 after purchasing an additional 168 shares during the period. Advisor Group Inc. boosted its stake in Choice Hotels International by 110.8% during the 2nd quarter. Advisor Group Inc. now owns 331 shares of the company’s stock valued at $29,000 after purchasing an additional 174 shares during the period. Commonwealth Equity Services LLC boosted its stake in Choice Hotels International by 1.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,597 shares of the company’s stock valued at $1,096,000 after purchasing an additional 231 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Choice Hotels International during the 2nd quarter valued at about $26,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

Read More: Fundamental Analysis

Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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