Shares of Huazhu Group Ltd (NASDAQ:HTHT) have received an average rating of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $42.71.
A number of research firms recently commented on HTHT. BidaskClub raised Huazhu Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 15th. Zacks Investment Research raised Huazhu Group from a “sell” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Thursday. ValuEngine raised Huazhu Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Goldman Sachs Group raised Huazhu Group from a “neutral” rating to a “buy” rating in a research note on Monday, September 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Huazhu Group from $53.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th.
Several institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its holdings in Huazhu Group by 50.2% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,538 shares of the company’s stock worth $44,000 after buying an additional 514 shares during the period. Quadrant Capital Group LLC purchased a new stake in Huazhu Group in the fourth quarter worth about $63,000. Rehmann Capital Advisory Group lifted its holdings in Huazhu Group by 3,911.3% in the third quarter. Rehmann Capital Advisory Group now owns 4,974 shares of the company’s stock worth $154,000 after buying an additional 4,850 shares during the period. Bessemer Group Inc. lifted its holdings in Huazhu Group by 4,066.7% in the third quarter. Bessemer Group Inc. now owns 6,000 shares of the company’s stock worth $194,000 after buying an additional 5,856 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Huazhu Group in the second quarter worth about $207,000. Institutional investors own 43.10% of the company’s stock.
Shares of NASDAQ:HTHT traded up $1.92 during trading on Tuesday, hitting $34.93. 1,732,136 shares of the company were exchanged, compared to its average volume of 895,198. The company has a market cap of $10.18 billion, a P/E ratio of 53.74 and a beta of 1.61. Huazhu Group has a 52-week low of $24.90 and a 52-week high of $49.60. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.34 and a quick ratio of 1.33.
Huazhu Group (NASDAQ:HTHT) last posted its earnings results on Thursday, November 15th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). Huazhu Group had a return on equity of 24.86% and a net margin of 14.00%. The company had revenue of $402.97 million for the quarter. On average, analysts expect that Huazhu Group will post 0.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd were issued a dividend of $0.34 per share. This is a positive change from Huazhu Group’s previous quarterly dividend of $0.16. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Monday, December 31st. Huazhu Group’s dividend payout ratio is currently 49.23%.
About Huazhu Group
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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