Credit Suisse Group Lowers Huazhu Group (NASDAQ:HTHT) to Neutral

Credit Suisse Group cut shares of Huazhu Group (NASDAQ:HTHT) from an outperform rating to a neutral rating in a report issued on Wednesday morning, Automated Import reports.

A number of other analysts also recently weighed in on HTHT. JPMorgan Chase & Co. raised their price target on shares of Weight Watchers International from $12.00 to $14.00 and gave the stock an underweight rating in a research report on Tuesday, April 30th. BidaskClub raised shares of YY from a strong sell rating to a sell rating in a report on Thursday, May 30th. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a sell rating to a hold rating in a report on Thursday, May 23rd. TheStreet downgraded shares of Zimmer Biomet from a b- rating to a c rating in a report on Friday, June 7th. Finally, ValuEngine raised shares of Zumiez from a sell rating to a hold rating in a report on Saturday, June 22nd. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $39.00.

HTHT stock opened at $32.42 on Wednesday. Huazhu Group has a twelve month low of $24.90 and a twelve month high of $45.39. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $9.52 billion, a P/E ratio of 90.06, a P/E/G ratio of 2.93 and a beta of 1.79. The stock’s 50 day moving average is $33.54.

Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings results on Wednesday, May 22nd. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $3.85 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Huazhu Group will post 0.85 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC boosted its holdings in Huazhu Group by 715.2% in the first quarter. Private Capital Group LLC now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the period. Quadrant Capital Group LLC lifted its stake in 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 during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Huazhu Group in the first quarter valued at $210,000. Two Sigma Advisers LP bought a new stake in Huazhu Group in the fourth quarter valued at $212,000. Finally, GYL Financial Synergies LLC bought a new stake in Huazhu Group in the first quarter valued at $221,000. 44.82% of the stock is owned by hedge funds and other institutional investors.

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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