Huazhu Group (NASDAQ:HTHT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Huazhu Group from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. CLSA began coverage on Huazhu Group in a research note on Tuesday, January 22nd. They set a “buy” rating on the stock. Deutsche Bank cut Huazhu Group from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $23.00 to $20.00 in a research note on Tuesday, January 22nd. BidaskClub upgraded Huazhu Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 12th. Finally, Citigroup began coverage on Huazhu Group in a research note on Tuesday, December 11th. They set a “buy” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $42.41.
Shares of HTHT traded down $0.99 during midday trading on Thursday, reaching $32.94. 631,500 shares of the company were exchanged, compared to its average volume of 1,201,487. The stock has a market cap of $9.80 billion, a PE ratio of 50.68 and a beta of 1.52. Huazhu Group has a 1-year low of $24.90 and a 1-year high of $49.60. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.34 and a quick ratio of 1.33.
Huazhu Group (NASDAQ:HTHT) last issued its quarterly earnings data on Thursday, November 15th. The company reported $0.32 EPS for the quarter, missing the Zacks’ 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 anticipate that Huazhu Group will post 0.7 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in shares of Huazhu Group in the third quarter worth about $1,253,000. Rehmann Capital Advisory Group lifted its stake in shares of Huazhu Group by 3,911.3% in the third quarter. Rehmann Capital Advisory Group now owns 4,974 shares of the company’s stock worth $154,000 after acquiring an additional 4,850 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Huazhu Group by 27.4% in the third quarter. Jane Street Group LLC now owns 18,214 shares of the company’s stock worth $588,000 after acquiring an additional 3,913 shares in the last quarter. Power Corp of Canada acquired a new position in shares of Huazhu Group in the third quarter worth about $1,324,000. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Huazhu Group by 25.6% in the third quarter. Great West Life Assurance Co. Can now owns 78,900 shares of the company’s stock worth $2,549,000 after acquiring an additional 16,100 shares in the last quarter. Institutional investors and hedge funds own 43.16% 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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