Goldman Sachs Group downgraded shares of Huazhu Group (NASDAQ:HTHT) from a buy rating to a neutral rating in a research report sent to investors on Friday, BenzingaRatingsTable reports. Goldman Sachs Group currently has $40.00 price objective on the stock, down from their previous price objective of $43.00.
HTHT has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Huazhu Group from a buy rating to a hold rating in a report on Wednesday, August 28th. Bank of America lowered their price target on shares of Huazhu Group from $42.20 to $38.50 and set a buy rating for the company in a report on Thursday, August 22nd. ValuEngine raised shares of Huazhu Group from a sell rating to a hold rating in a report on Saturday, June 22nd. HSBC lowered shares of Huazhu Group from a buy rating to a hold rating in a report on Wednesday, July 17th. Finally, TheStreet raised shares of Huazhu Group from a c rating to a b- rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Huazhu Group presently has an average rating of Hold and an average price target of $37.21.
NASDAQ:HTHT opened at $36.74 on Friday. Huazhu Group has a 1 year low of $24.90 and a 1 year high of $45.39. The firm has a 50 day moving average of $32.95 and a 200-day moving average of $35.82. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $11.03 billion, a P/E ratio of 102.06, a price-to-earnings-growth ratio of 3.77 and a beta of 1.79.
Huazhu Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Huazhu Group had a net margin of 9.02% and a return on equity of 14.10%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. Huazhu Group’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, analysts forecast that Huazhu Group will post 0.81 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTHT. Thornburg Investment Management Inc. grew its holdings in Huazhu Group by 82.3% during the 1st quarter. Thornburg Investment Management Inc. now owns 547,296 shares of the company’s stock worth $23,063,000 after acquiring an additional 247,025 shares during the period. JPMorgan Chase & Co. lifted its position in Huazhu Group by 1,119.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock worth $313,216,000 after buying an additional 6,823,167 shares in the last quarter. Laurion Capital Management LP bought a new stake in Huazhu Group during the 1st quarter worth about $1,366,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Huazhu Group by 0.7% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 61,200 shares of the company’s stock worth $2,579,000 after buying an additional 400 shares in the last quarter. Finally, Todd Asset Management LLC bought a new stake in Huazhu Group during the 1st quarter worth about $266,000. 47.53% of the stock is owned by hedge funds and other institutional investors.
Huazhu Group Company Profile
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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