Choice Hotels International (NYSE:CHH) Price Target Lowered to $99.00 at Barclays

Choice Hotels International (NYSE:CHH) had its price objective dropped by research analysts at Barclays from $101.00 to $99.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 1.92% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Morgan Stanley reduced their price target on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating for the company in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on Choice Hotels International from $99.00 to $102.00 and gave the company an “underweight” rating in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Choice Hotels International in a research note on Thursday, October 30th. Bank of America cut 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. Finally, UBS Group lowered their price objective on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Choice Hotels International currently has an average rating of “Reduce” and an average price target of $125.83.

Choice Hotels International Stock Up 0.6%

Shares of NYSE CHH traded up $0.57 during mid-day trading on Friday, reaching $100.94. 150,240 shares of the company were exchanged, compared to its average volume of 444,642. The firm has a 50-day moving average of $105.28 and a 200 day moving average of $119.40. Choice Hotels International has a 1 year low of $90.97 and a 1 year high of $157.86. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 6.60 and a beta of 0.84.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. 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 prior year, the business posted $2.23 earnings per share. The firm’s quarterly revenue 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, equities analysts forecast that Choice Hotels International will post 7.07 earnings per share for the current year.

Hedge Funds Weigh In On Choice Hotels International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHH. Millennium Management LLC purchased a new position in shares of Choice Hotels International during the 1st quarter worth $49,799,000. Bamco Inc. NY boosted its holdings in Choice Hotels International by 6.8% in 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 last quarter. Rock Creek Group LP grew its stake in shares of Choice Hotels International by 52.3% in the 2nd quarter. Rock Creek Group LP now owns 811,579 shares of the company’s stock valued at $102,973,000 after buying an additional 278,715 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Choice Hotels International during the 1st quarter worth approximately $25,673,000. Finally, BNP Paribas Financial Markets lifted its holdings in Choice Hotels International by 194.8% in the second quarter. BNP Paribas Financial Markets now owns 237,097 shares of the company’s stock valued at $30,083,000 after acquiring an additional 156,666 shares during the last quarter. Institutional investors and hedge funds 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.