China Lodging Group Ltd. (HTHT) Sees Strong Trading Volume
China Lodging Group Ltd. (NASDAQ:HTHT) shares saw unusually-high trading volume on Wednesday . Approximately 218,773 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 231,972 shares.The stock last traded at $43.98 and had previously closed at $43.42.
HTHT has been the topic of several recent analyst reports. Goldman Sachs Group Inc. downgraded shares of China Lodging Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $7.50 to $9.00 in a report on Thursday, May 5th. Brean Capital reiterated a “buy” rating and issued a $44.00 target price on shares of China Lodging Group in a report on Thursday, May 12th. Zacks Investment Research upgraded 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 report on Wednesday, June 29th. Finally, Morgan Stanley downgraded shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $36.20 to $40.00 in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.81.
The company has a market cap of $3.11 billion and a P/E ratio of 29.49. The stock has a 50-day moving average of $39.66 and a 200-day moving average of $35.15.
China Lodging Group (NASDAQ:HTHT) last announced its earnings results on Tuesday, August 16th. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.30. During the same quarter in the previous year, the company posted $2.59 EPS. The business had revenue of $254.40 million for the quarter, compared to analyst estimates of $248.76 million. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that China Lodging Group Ltd. will post $1.46 earnings per share for the current year.
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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