Zacks Investment Research upgraded shares of Huazhu Group (NASDAQ:HTHT) from a hold rating to a buy rating in a research note released on Wednesday. They currently have $31.00 price target on the stock.

According to Zacks, “Huazhu Group Limited is a hotel operator and franchisor primarily in China. It primary focus on economy and midscale hotel segments,China Lodging Group’s brands include Hi Inn, HanTing Hotel, Elan Hotel, HanTing PremiumHotel, JI Hotel, Starway Hotel, Joya Hotel, VUE Hotel, Crystal Orange Hotel, Orange Hotel Select, Orange Hotel and Manxin Hotel. The Company’s busines includes leased and owned, manachised and franchised models. Lease and ownership model, the Company directly operateshotels typically located on leased or owned properties. Manachise model, the Company manages manachised hotels through the on-site hotel managers. Franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees but does not appoint on-site hotel managers. Huazhu Group Limited, formerly known as China Lodging Group Ltd., is based in Shanghai, China. “

A number of other research firms have also weighed in on HTHT. Daiwa Capital Markets raised shares of Huazhu Group from a neutral rating to a buy rating in a research note on Wednesday, August 8th. ValuEngine lowered shares of Huazhu Group from a strong-buy rating to a buy rating in a research note on Friday, August 3rd. Goldman Sachs Group raised shares of Huazhu Group from a neutral rating to a buy rating in a research note on Monday, September 24th. Deutsche Bank lowered shares of Huazhu Group from a buy rating to a hold rating and lowered their price objective for the stock from $40.00 to $25.00 in a research note on Monday, September 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Huazhu Group from $53.00 to $45.00 and set an overweight rating for the company in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Huazhu Group presently has an average rating of Buy and a consensus price target of $41.75.

HTHT stock opened at $29.10 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.45 and a debt-to-equity ratio of 1.17. Huazhu Group has a twelve month low of $24.90 and a twelve month high of $49.60. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 44.77 and a beta of 1.75.

Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings data on Thursday, November 15th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). Huazhu Group had a net margin of 14.00% and a return on equity of 24.86%. The firm had revenue of $402.97 million for the quarter. As a group, analysts anticipate that Huazhu Group will post 0.7 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC increased its holdings in shares of Huazhu Group by 29.0% during the first quarter. Guggenheim Capital LLC now owns 4,684 shares of the company’s stock valued at $617,000 after acquiring an additional 1,053 shares in the last quarter. Wrapmanager Inc. acquired a new position in shares of Huazhu Group during the second quarter valued at about $205,000. Tower Research Capital LLC TRC acquired a new position in shares of Huazhu Group during the second quarter valued at about $207,000. Rehmann Capital Advisory Group increased its holdings in shares of Huazhu Group by 3,911.3% during the third quarter. Rehmann Capital Advisory Group now owns 4,974 shares of the company’s stock valued at $154,000 after acquiring an additional 4,850 shares in the last quarter. Finally, Marietta Investment Partners LLC acquired a new position in shares of Huazhu Group during the second quarter valued at about $218,000. Hedge funds and other institutional investors own 43.17% of the company’s stock.

Huazhu Group Company Profile

Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.

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