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

Choice Hotels International (NYSE:CHH - Get Free Report) had its price target dropped by analysts at Truist Financial from $144.00 to $128.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective would indicate a potential upside of 0.23% from the stock's current price.

CHH has been the subject of several other reports. Wall Street Zen downgraded Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Jefferies Financial Group decreased their price target on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna set a $140.00 price objective on Choice Hotels International and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Robert W. Baird decreased their price objective on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Choice Hotels International has a consensus rating of "Hold" and a consensus target price of $132.15.

Choice Hotels International Price Performance

Shares of NYSE CHH traded up $3.41 during mid-day trading on Friday, hitting $127.70. The company had a trading volume of 409,375 shares, compared to its average volume of 392,124. Choice Hotels International has a 1-year low of $111.62 and a 1-year high of $157.86. The company has a market capitalization of $5.93 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. The business's 50-day simple moving average is $126.61 and its 200 day simple moving average is $137.92.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $348.52 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The company's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. On average, analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

Insider Buying and Selling

In related news, Director Ervin R. Shames sold 2,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.56, for a total transaction of $259,120.00. Following the completion of the sale, the director now directly owns 52,212 shares of the company's stock, valued at approximately $6,764,586.72. This trade represents a 3.69% decrease in their position. The transaction 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 Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ironwood Wealth Management LLC. bought a new position in shares of Choice Hotels International during the fourth quarter worth about $216,000. SG Americas Securities LLC bought a new position in shares of Choice Hotels International in the fourth quarter worth $125,000. KBC Group NV increased its stake in Choice Hotels International by 3,087.2% during the 4th quarter. KBC Group NV now owns 21,195 shares of the company's stock valued at $3,009,000 after buying an additional 20,530 shares during the period. Pacer Advisors Inc. boosted its stake in Choice Hotels International by 23.6% during the 4th quarter. Pacer Advisors Inc. now owns 5,340 shares of the company's stock valued at $758,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Choice Hotels International by 35.2% during the fourth quarter. Caprock Group LLC now owns 4,395 shares of the company's stock worth $624,000 after acquiring an additional 1,144 shares during the period. 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.