Robert W. Baird Forecasts Strong Price Appreciation for Choice Hotels International (NYSE:CHH) Stock

Choice Hotels International (NYSE:CHH) had its price target raised by equities research analysts at Robert W. Baird from $145.00 to $160.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 9.43% from the stock’s previous close.

Several other research firms have also recently weighed in on CHH. Wells Fargo & Company lifted 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. The Goldman Sachs Group lifted their price target on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Barclays boosted their target price on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st. Morgan Stanley restated an “underweight” rating and set a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $139.92.

Choice Hotels International Price Performance

Shares of CHH opened at $146.21 on Tuesday. The firm’s 50 day simple moving average is $145.38 and its 200 day simple moving average is $139.02. The company has a market capitalization of $6.83 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.90 and a beta of 1.23. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping 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 firm had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. On average, equities analysts anticipate that Choice Hotels International will post 7.07 earnings per share for the current year.

Institutional Trading of Choice Hotels International

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Choice Hotels International by 81.4% during the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock valued at $47,000 after buying an additional 179 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock valued at $52,000 after buying an additional 86 shares during the period. Anchor Investment Management LLC purchased a new stake in Choice Hotels International during the 3rd quarter valued at $55,000. Tortoise Investment Management LLC raised its holdings in Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after buying an additional 154 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after purchasing an additional 393 shares during the period. 65.57% of the stock is 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.