China Lodging Group Ltd. (HTHT) Shares Gap Up to $38.01
Shares of China Lodging Group Ltd. (NASDAQ:HTHT) gapped up prior to trading on Thursday . The stock had previously closed at $37.98, but opened at $38.01. China Lodging Group shares last traded at $38.52, with a volume of 43,564 shares.
A number of analysts have issued reports on the company. Brean Capital reaffirmed a “buy” rating and issued a $44.00 price objective on shares of China Lodging Group in a research note on Thursday, May 12th. Zacks Investment Research raised China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Thursday, July 7th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of China Lodging Group in a research note on Thursday, June 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.46.
The firm’s 50-day moving average is $37.83 and its 200-day moving average is $34.05. The company has a market cap of $2.58 billion and a PE ratio of 32.63.
China Lodging Group (NASDAQ:HTHT) last released its earnings results on Wednesday, May 11th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $1.02. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts forecast that China Lodging Group Ltd. will post $1.38 earnings per share for the current year.
A hedge fund recently raised its stake in China Lodging Group stock. State of Wisconsin Investment Board raised its stake in China Lodging Group Ltd. (NASDAQ:HTHT) by 31.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 41,292 shares of the company’s stock after buying an additional 9,830 shares during the period. State of Wisconsin Investment Board owned about 0.07% of China Lodging Group worth $1,291,000 as of its most recent filing with the SEC.
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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