Barclays Lowers Choice Hotels International (NYSE:CHH) Price Target to $114.00

Choice Hotels International (NYSE:CHH) had its target price reduced by Barclays from $122.00 to $114.00 in a report issued on Friday morning, Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other research firms also recently issued reports on CHH. Jefferies Financial Group raised Choice Hotels International from an underperform rating to a buy rating and lifted their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. StockNews.com downgraded Choice Hotels International from a hold rating to a sell rating in a research report on Wednesday, February 21st. Robert W. Baird reaffirmed an outperform rating and issued a $138.00 target price on shares of Choice Hotels International in a research report on Monday, January 22nd. Finally, Truist Financial boosted 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 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Choice Hotels International has an average rating of Hold and an average target price of $130.90.

Choice Hotels International Stock Performance

CHH opened at $116.91 on Friday. The business’s 50-day moving average price is $120.72 and its two-hundred day moving average price is $117.26. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $136.02. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.99 and a beta of 1.21. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31.

Choice Hotels International (NYSE:CHH) last released its earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $358.40 million for the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. Choice Hotels International’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Equities analysts expect that Choice Hotels International will post 6.45 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Monday, April 1st. Choice Hotels International’s dividend payout ratio is presently 22.73%.

Institutional Investors Weigh In On Choice Hotels International

A number of institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of Choice Hotels International by 7.0% during the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock worth $389,298,000 after acquiring an additional 207,019 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Choice Hotels International by 4.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock valued at $264,871,000 after buying an additional 91,351 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Choice Hotels International by 8.3% in the third quarter. Boston Trust Walden Corp now owns 1,015,844 shares of the company’s stock valued at $124,451,000 after buying an additional 78,115 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Choice Hotels International by 144.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock valued at $106,402,000 after buying an additional 554,479 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in shares of Choice Hotels International by 1.3% in the third quarter. Congress Asset Management Co. MA now owns 878,914 shares of the company’s stock valued at $107,676,000 after buying an additional 11,368 shares during the period. Institutional investors own 65.57% of the company’s stock.

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.