HSBC Lowers Huazhu Group (NASDAQ:HTHT) to Hold

Huazhu Group (NASDAQ:HTHT) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.

Several other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of Zimmer Biomet from a “b-” rating to a “c” rating in a research report on Friday, June 7th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. China International Capital downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Credit Suisse Group set a GBX 3,090 ($40.38) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Huazhu Group presently has a consensus rating of “Hold” and an average target price of $39.00.

NASDAQ:HTHT traded down $2.91 during mid-day trading on Wednesday, hitting $31.92. The stock had a trading volume of 127,089 shares, compared to its average volume of 1,292,676. Huazhu Group has a twelve month low of $24.90 and a twelve month high of $45.39. The firm has a market cap of $10.17 billion, a PE ratio of 89.03, a price-to-earnings-growth ratio of 3.54 and a beta of 1.79. The stock has a 50 day simple moving average of $33.49. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.70 and a current ratio of 0.70.



Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Wednesday, May 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.12). The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. Huazhu Group had a net margin of 6.76% and a return on equity of 13.43%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $3.85 earnings per share. Equities analysts anticipate that Huazhu Group will post 0.77 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC raised its position in shares of Huazhu Group by 715.2% in the first quarter. Private Capital Group LLC now owns 644 shares of the company’s stock valued at $27,000 after buying an additional 565 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Huazhu Group by 48.6% in the first quarter. Quadrant Capital Group LLC now owns 3,326 shares of the company’s stock valued at $139,000 after buying an additional 1,088 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Huazhu Group in the first quarter valued at approximately $210,000. GYL Financial Synergies LLC acquired a new stake in shares of Huazhu Group in the first quarter valued at approximately $221,000. Finally, AJO LP bought a new position in Huazhu Group in the first quarter valued at approximately $263,000. Institutional investors own 44.82% 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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Analyst Recommendations for Huazhu Group (NASDAQ:HTHT)

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