Huazhu Group (NASDAQ:HTHT) announced its quarterly earnings results on Monday. The company reported ($1.66) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.07), Fidelity Earnings reports. Huazhu Group had a negative net margin of 16.22% and a negative return on equity of 25.67%.
Huazhu Group stock opened at $40.53 on Tuesday. The stock has a market capitalization of $11.90 billion, a PE ratio of -49.43 and a beta of 1.76. Huazhu Group has a 12 month low of $25.01 and a 12 month high of $46.20. The business has a 50 day simple moving average of $39.64 and a 200-day simple moving average of $34.58. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.58 and a quick ratio of 0.58.
HTHT has been the subject of several recent research reports. Zacks Investment Research upgraded Huazhu Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. BofA Securities upgraded Huazhu Group from a “neutral” rating to a “buy” rating and set a $48.50 price target for the company in a research report on Monday, August 24th. Bank of America upgraded Huazhu Group from a “neutral” rating to a “buy” rating and set a $48.50 price target for the company in a research report on Monday, August 24th. ValuEngine cut Huazhu Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, BidaskClub cut Huazhu Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $37.62.
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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