Zacks Investment Research upgraded shares of China Lodging Group Ltd. (NASDAQ:HTHT) from a hold rating to a strong-buy rating in a research note released on Tuesday morning. Zacks Investment Research currently has $52.00 price objective on the stock.
According to Zacks, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China. “
Several other brokerages have also weighed in on HTHT. Morgan Stanley lowered 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 research report on Wednesday, August 17th. Goldman Sachs Group Inc. reiterated a neutral rating and issued a $39.00 price objective on shares of China Lodging Group in a research report on Thursday, June 9th. Finally, Brean Capital increased their price objective on China Lodging Group from $44.00 to $48.00 and gave the stock a buy rating in a research report on Wednesday, August 17th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $39.19.
China Lodging Group (NASDAQ:HTHT) opened at 46.74 on Tuesday. China Lodging Group has a one year low of $23.58 and a one year high of $47.72. The stock has a 50 day moving average price of $43.38 and a 200-day moving average price of $37.57. The stock has a market capitalization of $3.23 billion, a P/E ratio of 30.95 and a beta of 1.43.
China Lodging Group (NASDAQ:HTHT) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.30. The business earned $254.40 million during the quarter, compared to analyst estimates of $248.76 million. China Lodging Group had a return on equity of 16.36% and a net margin of 10.76%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.59 earnings per share. Analysts anticipate that China Lodging Group will post $1.56 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in HTHT. Henderson Group PLC acquired a new position in China Lodging Group during the second quarter valued at approximately $17,079,000. Standard Life Investments LTD raised its position in China Lodging Group by 180.7% in the second quarter. Standard Life Investments LTD now owns 647,824 shares of the company’s stock valued at $23,613,000 after buying an additional 417,072 shares during the period. Fiera Capital Corp acquired a new position in China Lodging Group during the second quarter valued at approximately $15,129,000. Van ECK Associates Corp acquired a new position in China Lodging Group during the second quarter valued at approximately $11,293,000. Finally, Bank of New York Mellon Corp raised its position in China Lodging Group by 1,550.0% in the second quarter. Bank of New York Mellon Corp now owns 203,213 shares of the company’s stock valued at $7,402,000 after buying an additional 190,897 shares during the period. Institutional investors and hedge funds own 37.58% of the company’s stock.
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.
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