Zacks Research Upgrades H World Group (NASDAQ:HTHT) to “Strong-Buy”

H World Group (NASDAQ:HTHT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Benchmark lifted their target price on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research report on Monday, March 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $54.80.

H World Group Stock Down 0.8%

Shares of NASDAQ:HTHT opened at $50.11 on Thursday. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.10 and a beta of 0.11. H World Group has a 12-month low of $30.20 and a 12-month high of $56.63. The business has a 50-day moving average price of $51.33 and a 200 day moving average price of $45.60. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On H World Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC purchased a new stake in shares of H World Group during the fourth quarter worth $45,000. EverSource Wealth Advisors LLC boosted its holdings in H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in H World Group during the 3rd quarter worth $66,000. PNC Financial Services Group Inc. grew its stake in H World Group by 82.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock worth $73,000 after purchasing an additional 968 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in H World Group by 889.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after purchasing an additional 2,037 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.