Robert W. Baird Raises Choice Hotels International (NYSE:CHH) Price Target to $160.00

Choice Hotels International (NYSE:CHH) had its price objective increased by Robert W. Baird from $145.00 to $160.00 in a research note released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the stock. Morgan Stanley restated an “underweight” rating and set a $129.00 price objective (down from $145.00) on shares of Choice Hotels International in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Jefferies Financial Group upped their price target on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Barclays upped their price target on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Finally, Truist Financial upped their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International presently has an average rating of “Hold” and a consensus price target of $139.92.

Choice Hotels International Trading Down 1.5 %

Shares of CHH stock opened at $148.02 on Tuesday. The stock has a market cap of $6.92 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. The stock has a 50 day simple moving average of $145.25 and a 200 day simple moving average of $138.97. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating 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 the consensus estimate of $374.24 million. Analysts forecast that Choice Hotels International will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 0.78%. Choice Hotels International’s dividend payout ratio (DPR) is currently 18.46%.

Institutional Trading of Choice Hotels International

A number of institutional investors have recently bought and sold shares of CHH. Raymond James Financial Inc. bought a new stake in Choice Hotels International during the fourth quarter valued at $48,201,000. Erste Asset Management GmbH bought a new stake in Choice Hotels International during the third quarter valued at $19,545,000. Balyasny Asset Management L.P. boosted its position in Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock valued at $41,577,000 after acquiring an additional 120,376 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after purchasing an additional 111,903 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Choice Hotels International during the 4th quarter worth about $15,354,000. Institutional investors own 65.57% of the company’s stock.

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.