China Lodging Group Ltd. (HTHT) Shares Up 3.3%
China Lodging Group Ltd. (NASDAQ:HTHT) shot up 3.3% on Friday . The stock traded as high as $41.76 and last traded at $40.06, with a volume of 325,503 shares. The stock had previously closed at $38.77.
Several research firms have recently weighed in on HTHT. Goldman Sachs Group Inc. cut shares of China Lodging Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $7.50 to $9.00 in a research report on Thursday, May 5th. Zacks Investment Research raised shares of China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Wednesday, June 29th. Finally, Brean Capital reissued a “buy” rating and set a $44.00 target price on shares of China Lodging Group in a research note on Thursday, May 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.46.
The firm has a market cap of $2.72 billion and a PE ratio of 34.63. The firm’s 50-day moving average price is $35.51 and its 200-day moving average price is $32.79.
China Lodging Group (NASDAQ:HTHT) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $1.02. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The business earned $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. The company’s revenue was up 18.8% compared to the same quarter last year. On average, equities research analysts anticipate that China Lodging Group Ltd. will post $8.94 EPS for the current fiscal year.
Several hedge funds and institutional investors have recently modified their holdings of HTHT. State of Wisconsin Investment Board increased 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 valued at $1,291,000 after buying an additional 9,830 shares during the last quarter. Standard Life Investments LTD purchased a new position in shares of China Lodging Group during the fourth quarter valued at approximately $1,466,000. Finally, Russell Frank Co increased 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 valued at $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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.