Argus Lowers Choice Hotels International (NYSE:CHH) Price Target to $120.00

Choice Hotels International (NYSE:CHH) had its target price dropped by equities researchers at Argus from $140.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Argus’ price target suggests a potential upside of 21.83% from the company’s previous close.

CHH has been the topic of a number of other research reports. Morgan Stanley cut their target price on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 22nd. Robert W. Baird dropped their price objective on shares of Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. UBS Group cut their price objective on shares of Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Barclays lowered their target price on Choice Hotels International from $101.00 to $99.00 and set an “underweight” rating for the company in a report on Friday. Finally, Bank of America cut Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 target price on the stock. in a research report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Choice Hotels International currently has an average rating of “Reduce” and an average price target of $125.38.

Choice Hotels International Stock Down 1.9%

Shares of NYSE CHH opened at $98.50 on Friday. Choice Hotels International has a twelve month low of $90.97 and a twelve month high of $157.86. The firm has a market cap of $4.56 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 6.60 and a beta of 0.84. The business has a fifty day simple moving average of $104.86 and a two-hundred day simple moving average of $119.22.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). The firm had revenue of $447.34 million for the quarter, compared to the consensus estimate of $419.75 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.Choice Hotels International’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 EPS. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. On average, research analysts expect that Choice Hotels International will post 7.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kilter Group LLC acquired a new position in Choice Hotels International during the 2nd quarter valued at about $25,000. Signaturefd LLC boosted its holdings in Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company’s stock worth $37,000 after acquiring an additional 108 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Choice Hotels International by 138.5% during the second quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $37,000 after acquiring an additional 169 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in shares of Choice Hotels International during the second quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Choice Hotels International by 119.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company’s stock valued at $49,000 after purchasing an additional 212 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

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.