China Lodging Group Ltd. (HTHT) Hits New 52-Week High at $40.00
China Lodging Group Ltd. (NASDAQ:HTHT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.00 and last traded at $38.53, with a volume of 179,326 shares changing hands. The stock had previously closed at $39.57.
A number of equities research analysts have issued reports on HTHT shares. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $39.00 target price on shares of China Lodging Group in a research note on Thursday, June 9th. Brean Capital reaffirmed a “buy” rating and issued a $44.00 price objective on shares of China Lodging Group in a research note on Thursday, May 12th. Finally, Zacks Investment Research raised shares of China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $35.46.
The firm has a 50-day moving average price of $35.30 and a 200-day moving average price of $32.73. The stock has a market capitalization of $2.61 billion and a PE ratio of 33.19.
China Lodging Group (NASDAQ:HTHT) last released its quarterly earnings results on Wednesday, May 11th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $1.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $0.09 earnings per share. China Lodging Group’s revenue was up 18.8% compared to the same quarter last year. On average, equities research analysts expect that China Lodging Group Ltd. will post $8.96 earnings per share for the current year.
A number of institutional investors have added to or reduced their stakes in the company. Russell Frank Co raised its position in China Lodging Group by 2,109.2% in the fourth quarter. Russell Frank Co now owns 200,180 shares of the company’s stock worth $6,278,000 after buying an additional 191,119 shares in the last quarter. State of Wisconsin Investment Board raised its position in China Lodging Group by 31.2% in the fourth quarter. State of Wisconsin Investment Board now owns 41,292 shares of the company’s stock worth $1,291,000 after buying an additional 9,830 shares in the last quarter. Finally, Standard Life Investments LTD acquired a new position in China Lodging Group during the fourth quarter worth approximately $1,466,000.
China Lodging Group, Limited is engaged in the business of operating and managing a multi-brand hotel group. The Company operates leased, manachised and franchised hotel 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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