Choice Hotels International (NYSE:CHH) Price Target Cut to $120.00 by Analysts at Argus

Choice Hotels International (NYSE:CHH) had its target price decreased by research analysts at Argus from $140.00 to $120.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 20.96% from the company’s current price.

CHH has been the subject of several other research reports. Bank of America downgraded shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price target for the company. in a research report on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Choice Hotels International in a report on Thursday, October 30th. Morgan Stanley lowered their price target on Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a report on Wednesday, October 22nd. Robert W. Baird reduced their price objective on Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Finally, Barclays lowered their target price on shares of Choice Hotels International from $101.00 to $99.00 and set an “underweight” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $125.38.

Choice Hotels International Stock Down 1.2%

Shares of NYSE CHH traded down $1.17 during trading on Friday, reaching $99.21. The company had a trading volume of 388,232 shares, compared to its average volume of 445,717. Choice Hotels International has a 12-month low of $90.97 and a 12-month high of $157.86. The business’s 50-day moving average is $105.28 and its 200 day moving average is $119.40. The stock has a market cap of $4.59 billion, a PE ratio of 15.29, a P/E/G ratio of 6.60 and a beta of 0.84.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The firm had revenue of $447.34 million during the quarter, compared to the consensus estimate of $419.75 million. During the same quarter in the previous year, the firm earned $2.23 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. On average, analysts anticipate that Choice Hotels International will post 7.07 earnings per share for the current year.

Institutional Trading of Choice Hotels International

Hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY raised its position in shares of Choice Hotels International by 6.8% during the 2nd quarter. Bamco Inc. NY now owns 4,990,652 shares of the company’s stock valued at $633,214,000 after purchasing an additional 317,618 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Choice Hotels International by 0.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,981,731 shares of the company’s stock worth $528,694,000 after buying an additional 25,487 shares in the last quarter. Vanguard Group Inc. raised its holdings in Choice Hotels International by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company’s stock valued at $339,464,000 after acquiring an additional 133,216 shares during the period. Boston Trust Walden Corp lifted its position in shares of Choice Hotels International by 8.4% in the third quarter. Boston Trust Walden Corp now owns 1,046,784 shares of the company’s stock valued at $111,912,000 after acquiring an additional 81,132 shares in the last quarter. Finally, Rock Creek Group LP lifted its position in shares of Choice Hotels International by 52.3% in the second quarter. Rock Creek Group LP now owns 811,579 shares of the company’s stock valued at $102,973,000 after acquiring an additional 278,715 shares in the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile

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.