Huazhu Group (NASDAQ:HTHT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $31.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 6.53% from the company’s current price.
According to Zacks, “Huazhu Group Limited is a hotel operator and franchisor primarily in China. It primary focus on economy and midscale hotel segments,China Lodging Group’s brands include Hi Inn, HanTing Hotel, Elan Hotel, HanTing PremiumHotel, JI Hotel, Starway Hotel, Joya Hotel, VUE Hotel, Crystal Orange Hotel, Orange Hotel Select, Orange Hotel and Manxin Hotel. The Company’s busines includes leased and owned, manachised and franchised models. Lease and ownership model, the Company directly operateshotels typically located on leased or owned properties. Manachise model, the Company manages manachised hotels through the on-site hotel managers. Franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees but does not appoint on-site hotel managers. Huazhu Group Limited, formerly known as China Lodging Group Ltd., is based in Shanghai, China. “
Other analysts also recently issued research reports about the stock. Daiwa Capital Markets raised shares of Huazhu Group from a “neutral” rating to a “buy” rating in a report on Wednesday, August 8th. BidaskClub downgraded shares of Huazhu Group from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. ValuEngine downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Goldman Sachs Group raised shares of Huazhu Group from a “neutral” rating to a “buy” rating in a report on Monday, September 24th. Finally, Deutsche Bank downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $25.00 in a report on Monday, September 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $41.75.
Huazhu Group (NASDAQ:HTHT) last announced its earnings results on Thursday, November 15th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $402.97 million for the quarter. Huazhu Group had a return on equity of 24.86% and a net margin of 14.00%. On average, research analysts forecast that Huazhu Group will post 0.7 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its holdings in Huazhu Group by 29.0% in the 1st quarter. Guggenheim Capital LLC now owns 4,684 shares of the company’s stock valued at $617,000 after purchasing an additional 1,053 shares during the period. Wrapmanager Inc. bought a new stake in Huazhu Group in the 2nd quarter valued at about $205,000. Tower Research Capital LLC TRC bought a new stake in Huazhu Group in the 2nd quarter valued at about $207,000. Rehmann Capital Advisory Group boosted its holdings in Huazhu Group by 3,911.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,974 shares of the company’s stock valued at $154,000 after purchasing an additional 4,850 shares during the period. Finally, Marietta Investment Partners LLC bought a new stake in Huazhu Group in the 2nd quarter valued at about $218,000. 43.17% of the stock is owned by hedge funds and other institutional investors.
About Huazhu Group
Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.
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