China Lodging Group Ltd. (HTHT) Sets New 1-Year High at $40.00
Shares of China Lodging Group Ltd. (NASDAQ:HTHT) hit a new 52-week high on Wednesday . The stock traded as high as $40.00 and last traded at $38.53, with a volume of 179,326 shares trading hands. The stock had previously closed at $39.57.
Several analysts have recently weighed in on the company. Zacks Investment Research lowered China Lodging Group from a “buy” rating to a “hold” rating in a report on Friday, July 8th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $39.00 price objective on shares of China Lodging Group in a report on Thursday, June 9th. Finally, Brean Capital restated a “buy” rating and issued a $44.00 price objective on shares of China Lodging Group in a report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. China Lodging Group has an average rating of “Buy” and an average price target of $35.46.
The firm has a market cap of $2.60 billion and a PE ratio of 33.11. The firm’s 50-day moving average is $35.02 and its 200-day moving average is $32.65.
China Lodging Group (NASDAQ:HTHT) last released its quarterly earnings results on Wednesday, May 11th. The company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $1.02. During the same period in the prior year, the business earned $0.09 earnings per share. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, equities research analysts predict that China Lodging Group Ltd. will post $8.96 EPS for the current fiscal year.
A number of large investors have added to or reduced their stakes in the stock. Standard Life Investments LTD acquired a new stake in China Lodging Group during the fourth quarter worth $1,466,000. State of Wisconsin Investment Board raised its position in shares of China Lodging Group by 31.2% in the fourth quarter. State of Wisconsin Investment Board now owns 41,292 shares of the company’s stock worth $1,291,000 after buying an additional 9,830 shares during the last quarter. Finally, Russell Frank Co raised its position in shares of China Lodging Group by 2,109.2% in the fourth quarter. Russell Frank Co now owns 200,180 shares of the company’s stock worth $6,278,000 after buying an additional 191,119 shares during the last quarter.
China Lodging Group, Limited is engaged in the business of operating and managing a multi-brand hotel group. The Company operates leased, manachised and franchised hotel models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
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