Barclays Issues Positive Forecast for Choice Hotels International (NYSE:CHH) Stock Price

Choice Hotels International (NYSE:CHH) had its price objective boosted by Barclays from $129.00 to $132.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other research analysts have also commented on CHH. Wells Fargo & Company raised their price target on shares of Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Morgan Stanley reiterated an “underweight” rating and set a $129.00 target price (down from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird boosted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $136.58.

Choice Hotels International Stock Down 1.2 %

NYSE:CHH opened at $150.53 on Friday. The company has a market cap of $7.06 billion, a P/E ratio of 28.84, a P/E/G ratio of 1.85 and a beta of 1.23. The firm’s 50 day moving average is $145.10 and its two-hundred day moving average is $138.38. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Research analysts forecast that Choice Hotels International will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC bought a new stake in shares of Choice Hotels International in the 4th quarter worth approximately $1,109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Choice Hotels International by 10.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,625 shares of the company’s stock valued at $14,145,000 after buying an additional 9,474 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Choice Hotels International by 36.0% in the fourth quarter. Voloridge Investment Management LLC now owns 60,740 shares of the company’s stock valued at $8,624,000 after buying an additional 16,067 shares during the last quarter. Sophron Capital Management L.P. acquired a new position in shares of Choice Hotels International during the fourth quarter valued at $7,736,000. Finally, Redwood Investment Management LLC bought a new position in shares of Choice Hotels International during the fourth quarter worth about $5,123,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Company Profile

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.