China Lodging Group Ltd. (NASDAQ:HTHT)’s share price fell 2.7% during trading on Tuesday . The company traded as low as $45.55 and last traded at $45.64, with a volume of 128,002 shares trading hands. The stock had previously closed at $46.90.

A number of research firms have recently commented on HTHT. Zacks Investment Research lowered 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 target price 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, August 17th. Morgan Stanley lowered shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $36.20 to $40.00 in a research report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. lowered shares of China Lodging Group from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $7.50 to $9.00 in a research report on Thursday, May 5th. One equities research 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. China Lodging Group currently has a consensus rating of “Hold” and a consensus price target of $37.81.

The firm has a 50 day moving average price of $40.15 and a 200-day moving average price of $35.56. The firm has a market cap of $3.14 billion and a PE ratio of 29.83.

China Lodging Group (NASDAQ:HTHT) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.30. During the same quarter in the previous year, the business earned $2.59 EPS. The firm had revenue of $254.40 million for the quarter, compared to the consensus estimate of $248.76 million. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts forecast that China Lodging Group Ltd. will post $1.45 EPS for the current fiscal 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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