Analysts Set Huazhu Group Ltd (NASDAQ:HTHT) Price Target at $35.70

Huazhu Group Ltd (NASDAQ:HTHT) has earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $35.70.

Several brokerages have issued reports on HTHT. ValuEngine raised shares of Huazhu Group from a “strong sell” rating to a “sell” rating in a research note on Thursday. Goldman Sachs Group downgraded shares of Huazhu Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $43.00 to $40.00 in a research note on Friday, September 13th. Bank of America cut their target price on shares of Huazhu Group from $42.20 to $38.50 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Zacks Investment Research downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, Credit Suisse Group downgraded shares of Huazhu Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 17th.

Several institutional investors have recently bought and sold shares of HTHT. Invesco Ltd. grew its holdings in shares of Huazhu Group by 14,330.1% during the 2nd quarter. Invesco Ltd. now owns 34,310,564 shares of the company’s stock valued at $1,243,757,000 after acquiring an additional 34,072,793 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Huazhu Group by 158.1% during the 2nd quarter. Bank of Montreal Can now owns 3,111,438 shares of the company’s stock valued at $112,789,000 after acquiring an additional 1,905,768 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Huazhu Group by 3,606.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,689,327 shares of the company’s stock valued at $61,238,000 after acquiring an additional 1,643,747 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Huazhu Group by 19.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,861,604 shares of the company’s stock valued at $319,816,000 after acquiring an additional 1,428,870 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Huazhu Group during the 2nd quarter valued at $24,926,000. Institutional investors and hedge funds own 47.53% of the company’s stock.

Shares of NASDAQ HTHT traded down $0.43 during trading on Thursday, hitting $35.51. The company had a trading volume of 1,045,122 shares, compared to its average volume of 955,623. The company has a market cap of $10.55 billion, a P/E ratio of 79.87, a PEG ratio of 3.61 and a beta of 1.78. Huazhu Group has a 52 week low of $24.90 and a 52 week high of $45.39. The business’s 50-day moving average is $34.35 and its 200 day moving average is $35.35. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.52 and a current ratio of 0.53.

Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 earnings per share. On average, research analysts expect that Huazhu Group will post 0.81 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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Analyst Recommendations for Huazhu Group (NASDAQ:HTHT)

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