Huazhu Group (HTHT) Price Target Lowered to $45.00 at JPMorgan Chase & Co.

Huazhu Group (NASDAQ:HTHT) had its price target reduced by JPMorgan Chase & Co. from $53.00 to $45.00 in a research report sent to investors on Wednesday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also issued reports on HTHT. BidaskClub lowered shares of Huazhu Group from a strong-buy rating to a buy rating in a research note on Tuesday, June 26th. Zacks Investment Research raised shares of Huazhu Group from a strong sell rating to a hold rating in a research note on Wednesday, July 18th. ValuEngine lowered shares of Huazhu Group from a strong-buy rating to a buy rating in a research note on Friday, August 3rd. Daiwa Capital Markets raised shares of Huazhu Group from a neutral rating to a buy rating in a research note on Wednesday, August 8th. Finally, Deutsche Bank lowered shares of Huazhu Group from a buy rating to a hold rating and decreased their target price for the company from $40.00 to $25.00 in a research note on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $43.54.

Shares of NASDAQ:HTHT traded down $0.55 during trading on Wednesday, reaching $26.11. 2,215,775 shares of the company traded hands, compared to its average volume of 1,434,859. The firm has a market capitalization of $7.61 billion, a P/E ratio of 33.47 and a beta of 1.64. Huazhu Group has a 1-year low of $24.96 and a 1-year high of $49.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.19.



Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Thursday, August 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The company had revenue of $381.03 million during the quarter. Huazhu Group had a net margin of 12.58% and a return on equity of 23.00%. Equities research analysts expect that Huazhu Group will post 0.74 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Huazhu Group by 135.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,297 shares of the company’s stock valued at $171,000 after purchasing an additional 745 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Huazhu Group by 93.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,605 shares of the company’s stock valued at $211,000 after purchasing an additional 776 shares in the last quarter. Natixis bought a new position in shares of Huazhu Group during the 1st quarter valued at $270,000. Mizuho Securities USA LLC bought a new position in shares of Huazhu Group during the 2nd quarter valued at $155,000. Finally, Guggenheim Capital LLC raised its holdings in shares of Huazhu Group by 29.0% during 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 in the last quarter. Institutional investors and hedge funds own 36.89% of the company’s stock.

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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Analyst Recommendations for Huazhu Group (NASDAQ:HTHT)

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