China Lodging Group Ltd. (HTHT) Stock Price Up 3.3%
China Lodging Group Ltd. (NASDAQ:HTHT) rose 3.3% during mid-day trading on Friday . The stock traded as high as $41.76 and last traded at $40.06, with a volume of 325,503 shares traded. The stock had previously closed at $38.77.
HTHT has been the topic of several research reports. Zacks Investment Research raised China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Thursday, July 7th. Brean Capital reissued a “buy” rating and set a $44.00 price objective on shares of China Lodging Group in a research note on Thursday, May 12th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $39.00 price objective on shares of China Lodging Group in a research note on Thursday, June 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $35.46.
The company’s 50-day moving average price is $35.30 and its 200-day moving average price is $32.73. The firm has a market cap of $2.70 billion and a PE ratio of 34.32.
China Lodging Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, May 11th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $1.02. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. Equities analysts forecast that China Lodging Group Ltd. will post $8.96 EPS for the current year.
Other large investors have recently bought and sold shares of the company. State of Wisconsin Investment Board raised its stake in 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 valued at $1,291,000 after buying an additional 9,830 shares during the last quarter. Standard Life Investments LTD bought a new position in shares of China Lodging Group during the fourth quarter worth $1,466,000. 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 in 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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