Benchmark reaffirmed their buy rating on shares of Huazhu Group (NASDAQ:HTHT) in a research note issued to investors on Thursday, AnalystRatings.com reports. The brokerage currently has a $35.00 price target on the stock, down from their prior price target of $40.00.

A number of other equities research analysts have also commented on HTHT. Daiwa Capital Markets lowered Huazhu Group from an outperform rating to an underperform rating in a research report on Monday, May 6th. China Renaissance Securities reissued a hold rating on shares of Huazhu Group in a research report on Monday, May 6th. ValuEngine raised Huazhu Group from a sell rating to a hold rating in a research report on Saturday, June 22nd. TheStreet lowered Huazhu Group from a b- rating to a c+ rating in a research report on Friday, June 7th. Finally, BidaskClub raised Huazhu Group from a sell rating to a hold rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $36.75.

Shares of NASDAQ:HTHT opened at $31.64 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.09. Huazhu Group has a twelve month low of $24.90 and a twelve month high of $45.39. The stock’s 50 day moving average is $32.96 and its 200-day moving average is $35.79. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 87.89, a PEG ratio of 3.02 and a beta of 1.78.

Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Huazhu Group had a return on equity of 14.27% and a net margin of 9.02%. Huazhu Group’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 earnings per share. Equities research analysts anticipate that Huazhu Group will post 0.85 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in shares of Huazhu Group by 14,330.1% during the 2nd quarter. Invesco Ltd. now owns 34,310,564 shares of the company’s stock valued at $1,243,757,000 after purchasing an additional 34,072,793 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Huazhu Group by 1,119.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock valued at $313,216,000 after purchasing an additional 6,823,167 shares during the last quarter. Bank of Montreal Can increased its position in shares of Huazhu Group by 158.1% during the 2nd quarter. Bank of Montreal Can now owns 3,111,438 shares of the company’s stock valued at $112,789,000 after purchasing an additional 1,905,768 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Huazhu Group by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 29,679,530 shares of the company’s stock valued at $1,250,695,000 after purchasing an additional 1,852,392 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Huazhu Group by 3,606.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,689,327 shares of the company’s stock valued at $61,238,000 after purchasing an additional 1,643,747 shares during the last quarter. 45.77% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Huazhu Group (NASDAQ:HTHT)

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