China Lodging Group Ltd. (HTHT) Raised to “Strong-Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of China Lodging Group Ltd. (NASDAQ:HTHT) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday. The brokerage currently has $52.00 target price on the stock.
According to Zacks, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China. “
HTHT has been the subject of several other reports. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a $39.00 target price on shares of China Lodging Group in a research note on Thursday, June 9th. Morgan Stanley cut 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 research note on Wednesday, August 17th. Finally, Brean Capital boosted their price objective on shares of China Lodging Group from $44.00 to $48.00 and gave the company a buy rating in a research note on Wednesday, August 17th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. China Lodging Group has an average rating of Buy and an average target price of $39.19.
China Lodging Group (NASDAQ:HTHT) opened at 46.74 on Tuesday. The company has a 50-day moving average price of $43.38 and a 200 day moving average price of $37.57. China Lodging Group has a 12-month low of $23.58 and a 12-month high of $47.72. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 30.95 and a beta of 1.43.
China Lodging Group (NASDAQ:HTHT) last released 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. The firm earned $254.40 million during the quarter, compared to analysts’ expectations of $248.76 million. China Lodging Group had a net margin of 10.76% and a return on equity of 16.36%. China Lodging Group’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 EPS. On average, equities research analysts predict that China Lodging Group will post $1.56 EPS for the current year.
Several institutional investors have recently bought and sold shares of HTHT. Royal Bank of Canada raised its position in China Lodging Group by 3,688.4% in the second quarter. Royal Bank of Canada now owns 6,554 shares of the company’s stock valued at $239,000 after buying an additional 6,381 shares during the last quarter. Stifel Financial Corp acquired a new position in China Lodging Group during the second quarter valued at $325,000. American Century Companies Inc. acquired a new position in China Lodging Group during the second quarter valued at $3,141,000. Fiera Capital Corp acquired a new position in China Lodging Group during the second quarter valued at $15,129,000. Finally, 1832 Asset Management L.P. acquired a new position in China Lodging Group during the second quarter valued at $660,000. Institutional investors and hedge funds own 37.58% of the company’s stock.
China Lodging Group Company Profile
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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