Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Huazhu Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 16th. BidaskClub raised shares of Huazhu Group from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley raised shares of Huazhu Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $30.00 to $32.50 in a report on Thursday, December 5th. CLSA reiterated a “sell” rating and issued a $31.00 price objective on shares of Huazhu Group in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group began coverage on shares of Huazhu Group in a research note on Thursday, December 5th. They issued a “hold” rating and a $39.10 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.16.
Shares of NASDAQ:HTHT opened at $36.91 on Thursday. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 111.85, a PEG ratio of 2.60 and a beta of 1.74. The firm’s 50-day simple moving average is $37.15 and its 200-day simple moving average is $35.42. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 3.24. Huazhu Group has a fifty-two week low of $29.36 and a fifty-two week high of $45.39.
Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Tuesday, November 12th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.05). The firm had revenue of $427.00 million during the quarter. Huazhu Group had a net margin of 6.55% and a return on equity of 10.47%. On average, research analysts forecast that Huazhu Group will post 0.71 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in HTHT. First Trust Advisors LP lifted its stake in shares of Huazhu Group by 72.1% in the first quarter. First Trust Advisors LP now owns 52,823 shares of the company’s stock valued at $2,226,000 after purchasing an additional 22,137 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Huazhu Group by 6.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 187,000 shares of the company’s stock valued at $7,880,000 after purchasing an additional 11,600 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Huazhu Group in the third quarter valued at about $1,179,000. Brinker Capital Inc. lifted its stake in shares of Huazhu Group by 6.4% in the third quarter. Brinker Capital Inc. now owns 15,762 shares of the company’s stock valued at $520,000 after purchasing an additional 953 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in Huazhu Group by 320.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 303,783 shares of the company’s stock worth $10,031,000 after acquiring an additional 231,500 shares during the last quarter. Hedge funds and other institutional investors own 48.85% of the company’s stock.
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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