Huazhu Group (NASDAQ:HTHT) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Huazhu Group (NASDAQ:HTHT) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. Benchmark currently has a $35.00 target price on the stock, down from their prior target price of $40.00.

HTHT has been the subject of several other reports. BidaskClub upgraded shares of Huazhu Group from a sell rating to a hold rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Huazhu Group from a strong sell rating to a buy rating and set a $37.00 price objective for the company in a research note on Wednesday, July 24th. HSBC lowered shares of Huazhu Group from a buy rating to a hold rating in a research note on Wednesday, July 17th. China International Capital lowered shares of Huazhu Group from a buy rating to a hold rating in a research note on Monday, May 6th. Finally, ValuEngine upgraded shares of Huazhu Group from a sell rating to a hold rating in a research note on Saturday, June 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $36.75.

Shares of NASDAQ:HTHT traded down $0.70 on Thursday, hitting $31.70. The company had a trading volume of 386,651 shares, compared to its average volume of 998,985. The firm’s 50-day simple moving average is $33.04 and its two-hundred day simple moving average is $35.80. Huazhu Group has a 1 year low of $24.90 and a 1 year high of $45.39. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.09. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 88.06, a P/E/G ratio of 3.07 and a beta of 1.78.



Huazhu Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, August 21st. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Huazhu Group had a net margin of 6.76% and a return on equity of 13.43%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the company posted $1.98 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Huazhu Group will post 0.85 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in HTHT. Two Sigma Advisers LP acquired a new position in shares of Huazhu Group during the fourth quarter worth $212,000. Private Capital Group LLC lifted its holdings in shares of Huazhu Group by 715.2% during 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. Bank of Montreal Can lifted its holdings in shares of Huazhu Group by 877.4% during the first quarter. Bank of Montreal Can now owns 1,205,670 shares of the company’s stock worth $50,806,000 after purchasing an additional 1,082,319 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Huazhu Group by 48.6% during the first quarter. Quadrant Capital Group LLC now owns 3,326 shares of the company’s stock worth $139,000 after purchasing an additional 1,088 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Huazhu Group by 20.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,658 shares of the company’s stock worth $1,840,000 after purchasing an additional 7,485 shares during the period. Institutional investors and hedge funds own 45.77% 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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