Truist Financial Cuts Choice Hotels International (NYSE:CHH) Price Target to $128.00

Choice Hotels International (NYSE:CHH - Get Free Report) had its target price lowered by equities research analysts at Truist Financial from $144.00 to $128.00 in a report issued on Friday,Benzinga reports. The firm presently has a "hold" rating on the stock. Truist Financial's price objective points to a potential upside of 0.77% from the company's current price.

Other analysts have also issued reports about the company. Barclays cut their price target on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird dropped their target price on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Redburn Atlantic upgraded Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 target price on the stock in a report on Monday, March 24th. The Goldman Sachs Group upgraded Choice Hotels International from a "sell" rating to a "buy" rating and dropped their target price for the stock from $141.00 to $138.00 in a report on Monday, April 14th. Finally, Susquehanna set a $140.00 target price on Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Choice Hotels International has a consensus rating of "Hold" and a consensus price target of $132.15.

Choice Hotels International Stock Performance

NYSE:CHH traded up $0.10 on Friday, reaching $127.02. The company's stock had a trading volume of 468,586 shares, compared to its average volume of 392,427. Choice Hotels International has a 1-year low of $111.62 and a 1-year high of $157.86. The firm has a market cap of $5.89 billion, a PE ratio of 20.39, a PEG ratio of 1.90 and a beta of 1.00. The business's 50-day moving average price is $126.78 and its two-hundred day moving average price is $138.07.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.04). The firm had revenue of $332.86 million during the quarter, compared to the consensus estimate of $348.52 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. As a group, sell-side analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

Insider Activity

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ervin R. Shames sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.56, for a total value of $259,120.00. Following the completion of the transaction, the director now directly owns 52,212 shares in the company, valued at $6,764,586.72. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. 23.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Choice Hotels International

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in Choice Hotels International by 56.9% during the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after buying an additional 6,493 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Choice Hotels International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock worth $39,634,000 after buying an additional 2,725 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Choice Hotels International during the fourth quarter worth approximately $2,258,000. Congress Asset Management Co. grew its position in Choice Hotels International by 17.3% during the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company's stock worth $11,661,000 after buying an additional 12,128 shares in the last quarter. Finally, KBC Group NV grew its position in Choice Hotels International by 3,087.2% during the fourth quarter. KBC Group NV now owns 21,195 shares of the company's stock worth $3,009,000 after buying an additional 20,530 shares in 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.