Home Inns & Hotels Management Hits New 52-Week High at $36.59 (HMIN)
Shares of Home Inns & Hotels Management (NASDAQ:HMIN) hit a new 52-week high during mid-day trading on Tuesday, Analyst Ratings Network reports. The stock traded as high as $36.59 and last traded at $36.14, with a volume of 284,863 shares trading hands. The stock had previously closed at $35.50.
HMIN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Home Inns & Hotels Management (NASDAQ:HMIN) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $32.70 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Home Inns & Hotels Management (NASDAQ:HMIN) in a research note to investors on Tuesday, August 13th. They now have a $40.00 price target on the stock, up previously from $36.00.
Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $38.54.
Home Inns & Hotels Management has a 52-week low of $23.63 and a 52-week high of $35.81. The stock’s 50-day moving average is $31.02 and its 200-day moving average is $28.64. The company has a market cap of $1.685 billion and a P/E ratio of 96.72.
Home Inns & Hotels Management (NASDAQ:HMIN) last announced its earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by $2.46. The company had revenue of $261.00 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Home Inns & Hotels Management will post $8.61 earnings per share for the current fiscal year.
Home Inns & Hotels Management Inc (NASDAQ:HMIN) is an economy hotel chain in the People’s Republic of China.
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