Huazhu Group (NASDAQ:HTHT) Rating Increased to Buy at ValuEngine

Huazhu Group (NASDAQ:HTHT) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, ValuEngine reports.

Other research analysts have also issued reports about the company. Goldman Sachs Group lowered Huazhu Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $43.00 to $40.00 in a research report on Friday, September 13th. Daiwa Capital Markets reissued a “sell” rating on shares of Huazhu Group in a research report on Wednesday, October 16th. TheStreet raised Huazhu Group from a “c” rating to a “b-” rating in a research report on Friday, August 23rd. Bank of America dropped their price target on Huazhu Group from $42.20 to $38.50 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, BidaskClub raised Huazhu Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 12th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.75.

Shares of HTHT stock opened at $37.27 on Friday. The firm has a market capitalization of $10.76 billion, a PE ratio of 103.53, a price-to-earnings-growth ratio of 3.96 and a beta of 1.80. Huazhu Group has a 1 year low of $26.30 and a 1 year high of $45.39. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.52 and a current ratio of 0.53. The stock has a fifty day moving average of $35.49 and a two-hundred day moving average of $34.48.

Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Huazhu Group had a return on equity of 10.65% and a net margin of 6.55%. Huazhu Group’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 earnings per share. Equities research analysts predict that Huazhu Group will post 0.71 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of HTHT. First Trust Advisors LP increased its position in Huazhu Group by 72.1% in the 1st quarter. First Trust Advisors LP now owns 52,823 shares of the company’s stock worth $2,226,000 after purchasing an additional 22,137 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Huazhu Group by 6.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 187,000 shares of the company’s stock worth $7,880,000 after purchasing an additional 11,600 shares during the last quarter. WINTON GROUP Ltd increased its position in Huazhu Group by 32.1% in the 2nd quarter. WINTON GROUP Ltd now owns 12,099 shares of the company’s stock worth $439,000 after purchasing an additional 2,942 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in Huazhu Group by 247.9% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 17,356 shares of the company’s stock worth $629,000 after purchasing an additional 12,367 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in Huazhu Group by 20.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 25,600 shares of the company’s stock worth $928,000 after purchasing an additional 4,300 shares during the last quarter. 47.59% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Huazhu Group (NASDAQ:HTHT)

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