Analysts Set Huazhu Group Ltd (NASDAQ:HTHT) Price Target at $32.50

Shares of Huazhu Group Ltd (NASDAQ:HTHT) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.50.

HTHT has been the subject of several analyst reports. TheStreet lowered Zimmer Biomet from a “b-” rating to a “c” rating in a research report on Friday, June 7th. China Renaissance Securities initiated coverage on GreenTree Hospitality Group in a research report on Monday, May 6th. They set a “buy” rating and a $18.40 target price for the company. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, BidaskClub raised YY from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 30th.

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Huazhu Group by 1,119.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock worth $313,216,000 after acquiring an additional 6,823,167 shares during the period. OppenheimerFunds Inc. grew its holdings in Huazhu Group by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 29,679,530 shares of the company’s stock worth $1,250,695,000 after acquiring an additional 1,852,392 shares during the period. FMR LLC grew its holdings in Huazhu Group by 785.6% during the 4th quarter. FMR LLC now owns 1,568,442 shares of the company’s stock worth $44,905,000 after acquiring an additional 1,391,341 shares during the period. Norges Bank acquired a new stake in Huazhu Group during the 4th quarter worth about $31,124,000. Finally, Bank of Montreal Can grew its holdings in Huazhu Group by 877.4% during the 1st quarter. Bank of Montreal Can now owns 1,205,670 shares of the company’s stock worth $50,806,000 after acquiring an additional 1,082,319 shares during the period. 44.82% of the stock is owned by institutional investors and hedge funds.

Shares of HTHT traded up $0.19 during trading hours on Tuesday, reaching $34.83. The stock had a trading volume of 729,700 shares, compared to its average volume of 1,490,625. Huazhu Group has a 12 month low of $24.90 and a 12 month high of $45.39. The company has a market cap of $10.18 billion, a PE ratio of 96.75, a PEG ratio of 3.54 and a beta of 1.79. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a 50-day moving average price of $33.49.

Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.12). Huazhu Group had a net margin of 6.76% and a return on equity of 13.43%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. On average, research analysts predict that Huazhu Group will post 0.77 EPS for the current year.

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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