Morgan Stanley Has Lowered Expectations for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH) had its target price decreased by stock analysts at Morgan Stanley from $124.00 to $115.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 5.41% from the stock’s previous close.

CHH has been the subject of several other reports. Susquehanna lifted their target price on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Truist Financial lifted their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a research note on Friday, March 21st. Robert W. Baird lifted their target price on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Barclays lifted their price objective on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company decreased their target price on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Choice Hotels International has an average rating of “Hold” and an average price target of $137.31.

Choice Hotels International Stock Up 0.6 %

NYSE:CHH opened at $121.57 on Tuesday. Choice Hotels International has a twelve month low of $109.22 and a twelve month high of $157.86. The stock has a market cap of $5.68 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08. The firm’s fifty day simple moving average is $134.53 and its 200 day simple moving average is $140.34.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The business had revenue of $389.77 million during the quarter, compared to analyst estimates of $374.24 million. On average, analysts expect that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Insider Activity

In other news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the transaction, the chief financial officer now owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Choice Hotels International in the 4th quarter valued at $48,201,000. Balyasny Asset Management L.P. increased its stake in Choice Hotels International by 69.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock worth $41,577,000 after buying an additional 120,376 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after acquiring an additional 111,903 shares in the last quarter. Norges Bank acquired a new stake in shares of Choice Hotels International in the fourth quarter worth approximately $15,354,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Choice Hotels International during the fourth quarter worth approximately $10,779,000. Hedge funds and other 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.