Shares of Huazhu Group Ltd (NASDAQ:HTHT) reached a new 52-week low during trading on Thursday . The company traded as low as $25.24 and last traded at $27.04, with a volume of 49969 shares. The stock had previously closed at $26.13.
Several analysts recently issued reports on the company. Morgan Stanley assumed coverage on Huazhu Group in a report on Tuesday, June 19th. They issued an “equal weight” rating and a $50.00 price target for the company. ValuEngine upgraded Huazhu Group from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. BidaskClub downgraded Huazhu Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research upgraded Huazhu Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Daiwa Capital Markets upgraded Huazhu Group from a “neutral” rating to a “buy” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.88.
The firm has a market cap of $9.41 billion, a PE ratio of 43.60 and a beta of 1.64. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.19.
Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings results on Thursday, August 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. Huazhu Group had a return on equity of 23.00% and a net margin of 12.58%. The firm had revenue of $381.03 million during the quarter. As a group, research analysts expect that Huazhu Group Ltd will post 0.74 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Huazhu Group by 135.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,297 shares of the company’s stock valued at $171,000 after buying an additional 745 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Huazhu Group by 93.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,605 shares of the company’s stock valued at $211,000 after buying an additional 776 shares during the last quarter. Guggenheim Capital LLC boosted its position in Huazhu Group by 29.0% in the 1st quarter. Guggenheim Capital LLC now owns 4,684 shares of the company’s stock valued at $617,000 after buying an additional 1,053 shares during the last quarter. Natixis purchased a new position in Huazhu Group in the 1st quarter valued at about $270,000. Finally, Mizuho Securities USA LLC purchased a new position in Huazhu Group in the 2nd quarter valued at about $155,000. Hedge funds and other institutional investors own 37.57% of the company’s stock.
About Huazhu Group (NASDAQ:HTHT)
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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