China Lodging Group Ltd. (NASDAQ:HTHT) has been given an average recommendation of “Buy” by the nine research firms that are presently covering the company. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $39.19.
A number of research firms have issued reports on HTHT. Zacks Investment Research upgraded shares of China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a report on Tuesday, September 20th. Brean Capital increased their price objective on shares of China Lodging Group from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Morgan Stanley lowered shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $36.20 to $40.00 in a report on Wednesday, August 17th.
Shares of China Lodging Group (NASDAQ:HTHT) opened at 45.13 on Monday. The firm has a market capitalization of $3.12 billion, a PE ratio of 29.89 and a beta of 1.32. The firm’s 50 day moving average is $45.50 and its 200-day moving average is $38.89. China Lodging Group has a 12 month low of $25.42 and a 12 month high of $47.72.
China Lodging Group (NASDAQ:HTHT) last released its earnings results on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.30. The company had revenue of $254.40 million for the quarter, compared to analyst estimates of $248.76 million. China Lodging Group had a net margin of 10.76% and a return on equity of 16.36%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 EPS. On average, analysts expect that China Lodging Group will post $1.55 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in China Lodging Group by 2.7% in the second quarter. Advisors Asset Management Inc. now owns 7,541 shares of the company’s stock worth $275,000 after buying an additional 199 shares during the period. Barclays PLC increased its stake in China Lodging Group by 0.5% in the second quarter. Barclays PLC now owns 51,045 shares of the company’s stock worth $1,860,000 after buying an additional 241 shares during the period. Geode Capital Management LLC increased its stake in China Lodging Group by 6.6% in the first quarter. Geode Capital Management LLC now owns 26,670 shares of the company’s stock worth $1,018,000 after buying an additional 1,649 shares during the period. Quantbot Technologies LP acquired a new stake in China Lodging Group during the second quarter worth about $107,000. Finally, Invictus RG acquired a new stake in China Lodging Group during the first quarter worth about $129,000. 37.58% of the stock is owned by hedge funds and other institutional investors.
China Lodging Group Company Profile
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
Receive News & Ratings for China Lodging Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Lodging Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.