Analysts Set Huazhu Group Ltd (NASDAQ:HTHT) Price Target at $35.73
by Amy Steele
Huazhu Group Ltd (NASDAQ:HTHT) has earned a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $35.73.
HTHT has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Huazhu Group in a research report on Thursday. They set a “hold” rating and a $39.10 price target for the company. TheStreet raised shares of Huazhu Group from a “c” rating to a “b-” rating in a research report on Friday, August 23rd. BidaskClub lowered shares of Huazhu Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd. Benchmark reaffirmed a “buy” rating and set a $35.00 price target (down previously from $40.00) on shares of Huazhu Group in a research report on Thursday, August 22nd. Finally, Daiwa Capital Markets reaffirmed a “sell” rating on shares of Huazhu Group in a research report on Wednesday, October 16th.
Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in Huazhu Group by 72.1% during the 1st 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 in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Huazhu Group by 6.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 187,000 shares of the company’s stock valued at $7,880,000 after acquiring an additional 11,600 shares during the last quarter. Aperio Group LLC boosted its stake in Huazhu Group by 5.1% during the 2nd quarter. Aperio Group LLC now owns 78,086 shares of the company’s stock valued at $2,831,000 after acquiring an additional 3,769 shares during the last quarter. Janus Henderson Group PLC bought a new position in Huazhu Group during the 2nd quarter valued at $304,000. Finally, Envestnet Asset Management Inc. boosted its stake in Huazhu Group by 22.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,170 shares of the company’s stock valued at $1,275,000 after acquiring an additional 6,417 shares during the last quarter. 49.30% of the stock is owned by institutional investors.
Shares of HTHT traded down $0.41 on Friday, hitting $34.04. 426,855 shares of the stock traded hands, compared to its average volume of 1,254,386. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 3.24. The firm has a market capitalization of $10.09 billion, a P/E ratio of 94.54, a P/E/G ratio of 3.22 and a beta of 1.77. The stock’s 50 day moving average is $36.07 and its two-hundred day moving average is $34.03. Huazhu Group has a 1 year low of $27.01 and a 1 year high of $45.39.
Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). The firm had revenue of $427.00 million for the quarter. Huazhu Group had a net margin of 6.55% and a return on equity of 10.47%. Research analysts forecast that Huazhu Group will post 0.7 EPS for the current year.
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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