Choice Hotels International (NYSE:CHH) Given New $83.00 Price Target at Morgan Stanley

Choice Hotels International (NYSE:CHH) had its price target lifted by Morgan Stanley from $71.00 to $83.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Choice Hotels International from a sell rating to a hold rating in a research note on Thursday, April 2nd. SunTrust Banks upped their target price on shares of Choice Hotels International from $66.00 to $67.00 and gave the company a hold rating in a research note on Tuesday, May 12th. Wells Fargo & Co lowered their target price on shares of Choice Hotels International from $101.00 to $95.00 and set an overweight rating for the company in a research note on Wednesday, July 22nd. Wolfe Research raised shares of Choice Hotels International from an underperform rating to a peer perform rating in a research note on Thursday, April 9th. Finally, Barclays upped their target price on shares of Choice Hotels International from $73.00 to $82.00 and gave the company an underweight rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Choice Hotels International has an average rating of Hold and an average price target of $78.86.

Shares of CHH stock opened at $84.04 on Wednesday. Choice Hotels International has a 1 year low of $46.25 and a 1 year high of $109.26. The firm’s 50 day moving average is $82.57 and its 200-day moving average is $82.85. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 18.97 and a beta of 1.36.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. The business had revenue of $218.20 million during the quarter, compared to the consensus estimate of $202.87 million. Choice Hotels International had a net margin of 22.27% and a negative return on equity of 385.30%. Choice Hotels International’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. Equities research analysts anticipate that Choice Hotels International will post 2.35 earnings per share for the current year.

A number of large investors have recently bought and sold shares of CHH. Balyasny Asset Management LLC acquired a new stake in Choice Hotels International during the 1st quarter worth approximately $25,068,000. Norges Bank acquired a new position in shares of Choice Hotels International in the 4th quarter worth approximately $40,289,000. Invesco Ltd. lifted its position in shares of Choice Hotels International by 58.5% in the 1st quarter. Invesco Ltd. now owns 731,560 shares of the company’s stock worth $44,809,000 after purchasing an additional 270,132 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Choice Hotels International in the 2nd quarter worth approximately $21,033,000. Finally, Victory Capital Management Inc. lifted its position in shares of Choice Hotels International by 49.9% in the 1st quarter. Victory Capital Management Inc. now owns 605,144 shares of the company’s stock worth $37,065,000 after purchasing an additional 201,429 shares during the period. Institutional investors and hedge funds own 59.61% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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Analyst Recommendations for Choice Hotels International (NYSE:CHH)

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