China Lodging Group Ltd. (HTHT) Shares Gap Up to $38.01
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 changing hands.
A number of equities research analysts recently weighed in on HTHT shares. Zacks Investment Research upgraded China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, July 7th. Brean Capital restated a “buy” rating and issued a $44.00 price target on shares of China Lodging Group in a research note on Thursday, May 12th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $39.00 price target 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 assigned a buy rating to the company’s stock. China Lodging Group presently has a consensus rating of “Buy” and a consensus price target of $35.46.
The company’s 50-day moving average is $37.83 and its 200-day moving average is $34.05. The company has a market cap of $2.61 billion and a PE ratio of 33.21.
China Lodging Group (NASDAQ:HTHT) last announced its quarterly earnings data 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. During the same quarter in the previous year, the business posted $0.09 EPS. The company earned $1.44 billion during the quarter, compared to analyst estimates of $1.39 billion. The company’s revenue was up 18.8% on a year-over-year basis. Equities analysts forecast that China Lodging Group Ltd. will post $1.38 earnings per share for the current year.
An institutional investor recently raised its position in China Lodging Group stock. State of Wisconsin Investment Board raised its position in China Lodging Group Ltd. (NASDAQ:HTHT) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised 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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