JPMorgan Chase & Co. Boosts Choice Hotels International (NYSE:CHH) Price Target to $102.00

Choice Hotels International (NYSE:CHH) had its price target raised by equities researchers at JPMorgan Chase & Co. from $95.00 to $102.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 5.29% from the company’s current price.

Several other analysts have also issued reports on CHH. Truist Financial set a $126.00 price target on shares of Choice Hotels International and gave the stock a “buy” rating in a research report on Friday, January 9th. UBS Group decreased their target price on Choice Hotels International from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Susquehanna cut their price target on Choice Hotels International from $140.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Barclays reduced their price objective on Choice Hotels International from $99.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, January 16th. Finally, Morgan Stanley set a $91.00 target price on Choice Hotels International in a research note on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $109.15.

Choice Hotels International Trading Up 6.1%

Choice Hotels International stock opened at $107.70 on Tuesday. Choice Hotels International has a 52 week low of $84.04 and a 52 week high of $157.86. The company has a debt-to-equity ratio of 12.81, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $4.98 billion, a PE ratio of 13.23, a PEG ratio of 8.15 and a beta of 0.76. The business’s 50-day simple moving average is $98.19 and its 200-day simple moving average is $105.64.

Choice Hotels International (NYSE:CHH) last released its 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). The business had revenue of $278.00 million during the quarter, compared to analyst estimates of $419.75 million. Choice Hotels International had a net margin of 23.93% and a return on equity of 9,081.29%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $2.23 EPS. Equities research analysts forecast that Choice Hotels International will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Simone Wu sold 8,080 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $101.56, for a total transaction of $820,604.80. Following the sale, the senior vice president owned 48,803 shares in the company, valued at approximately $4,956,432.68. This represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Choice Hotels International

Several hedge funds and other institutional investors have recently made changes to their positions in CHH. Jump Financial LLC grew its stake in Choice Hotels International by 99.2% in the second quarter. Jump Financial LLC now owns 53,980 shares of the company’s stock valued at $6,849,000 after acquiring an additional 26,880 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Choice Hotels International during the second quarter worth about $5,020,000. Entropy Technologies LP lifted its holdings in shares of Choice Hotels International by 546.7% during the 2nd quarter. Entropy Technologies LP now owns 10,987 shares of the company’s stock valued at $1,394,000 after purchasing an additional 9,288 shares in the last quarter. Bamco Inc. NY grew its position in shares of 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 period. Finally, Boston Trust Walden Corp grew its position in shares of Choice Hotels International by 8.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,046,784 shares of the company’s stock valued at $111,912,000 after purchasing an additional 81,132 shares during the period. 65.57% of the stock is owned by institutional investors and hedge funds.

About Choice Hotels International

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.