China Lodging Group Ltd. (NASDAQ:HTHT) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.72 and last traded at $46.90, with a volume of 606,416 shares trading hands. The stock had previously closed at $44.69.

HTHT has been the topic of several recent analyst reports. Morgan Stanley lowered China Lodging Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $36.20 to $40.00 in a research report on Wednesday, August 17th. Zacks Investment Research raised China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Thursday, July 7th. Brean Capital reaffirmed a “buy” rating and set a $44.00 target price on shares of China Lodging Group in a research report on Thursday, May 12th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $39.00 price target on shares of China Lodging Group in a research note on Thursday, June 9th. 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.81.

The company has a 50 day moving average price of $40.15 and a 200 day moving average price of $35.56. The company has a market cap of $3.24 billion and a PE ratio of 30.77.

China Lodging Group (NASDAQ:HTHT) last released its earnings results on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.30. During the same quarter last year, the business posted $2.59 earnings per share. The company earned $254.40 million during the quarter, compared to analysts’ expectations of $248.76 million. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect 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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