China Lodging Group Ltd. (NASDAQ:HTHT) shares fell 1.5% during mid-day trading on Thursday . The company traded as low as $42.81 and last traded at $43.01, with a volume of 442,700 shares. The stock had previously closed at $43.66.

HTHT has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of China Lodging Group from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Brean Capital boosted their price objective on shares of China Lodging Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley downgraded shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $36.20 to $40.00 in a research report on Wednesday. Finally, Goldman Sachs Group Inc. downgraded shares of China Lodging Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $7.50 to $9.00 in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $37.81.

The firm has a market capitalization of $2.93 billion and a PE ratio of 37.10. The company’s 50 day moving average is $38.99 and its 200-day moving average is $34.66.

China Lodging Group (NASDAQ:HTHT) last issued its quarterly earnings data on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.30. The firm earned $254.40 million during the quarter, compared to analyst estimates of $248.76 million. During the same period last year, the business earned $2.59 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. Analysts forecast that China Lodging Group Ltd. will post $1.45 earnings per share for the current year.

A hedge fund recently raised its stake in China Lodging Group stock. State of Wisconsin Investment Board boosted its stake in shares of China Lodging Group Ltd. (NASDAQ:HTHT) by 31.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 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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