Huazhu Group (NASDAQ:HTHT) Upgraded at Zacks Investment Research

Huazhu Group (NASDAQ:HTHT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday, Zacks.com reports.

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. “

A number of other brokerages also recently issued reports on HTHT. Morgan Stanley raised shares of Huazhu Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $30.00 to $32.50 in a report on Thursday, December 5th. BidaskClub raised shares of Huazhu Group from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group initiated coverage on shares of Huazhu Group in a report on Thursday, December 5th. They set a “hold” rating and a $39.10 price target on the stock. ValuEngine downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, CLSA reissued a “sell” rating and set a $31.00 price target on shares of Huazhu Group in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. Huazhu Group presently has a consensus rating of “Hold” and an average price target of $36.16.

HTHT stock opened at $36.91 on Friday. The firm’s fifty day simple moving average is $37.15 and its 200-day simple moving average is $35.42. The company has a market capitalization of $10.33 billion, a P/E ratio of 111.85, a price-to-earnings-growth ratio of 2.60 and a beta of 1.74. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.57 and a quick ratio of 0.56. Huazhu Group has a 12 month low of $29.36 and a 12 month high of $45.39.

Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). The business 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%. As a group, sell-side analysts forecast that Huazhu Group will post 0.71 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in Huazhu Group by 14.0% during the third quarter. Quadrant Capital Group LLC now owns 4,371 shares of the company’s stock valued at $143,000 after purchasing an additional 536 shares in the last quarter. Brinker Capital Inc. lifted its holdings in Huazhu Group by 6.4% during 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Huazhu Group by 5.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,804 shares of the company’s stock valued at $848,000 after purchasing an additional 1,056 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Huazhu Group by 12.5% during the third quarter. Voya Investment Management LLC now owns 14,967 shares of the company’s stock valued at $494,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Huazhu Group by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 128,386 shares of the company’s stock valued at $5,145,000 after purchasing an additional 2,488 shares in the last quarter. 48.85% of the stock is currently owned by institutional investors and hedge funds.

Huazhu Group Company Profile

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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