Jefferson Research Downgrades China Lodging Group to Hold (HTHT)
China Lodging Group (NASDAQ:HTHT) was downgraded by research analysts at Jefferson Research from a “buy” rating to a “hold” rating in a report released on Friday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Brean Capital raised their price target on shares of China Lodging Group from $23.00 to $29.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of China Lodging Group from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 1st. They now have a $25.30 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of China Lodging Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 10th. They now have a $23.00 price target on the stock, up previously from $20.00. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $22.67.
Shares of China Lodging Group (NASDAQ:HTHT) opened at 31.02 on Friday. China Lodging Group has a one year low of $14.75 and a one year high of $32.29. The stock’s 50-day moving average is $26.86 and its 200-day moving average is $20.90. The company has a market cap of $1.902 billion and a P/E ratio of 50.77.
China Lodging Group (NASDAQ:HTHT) last announced its earnings results on Tuesday, November 12th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.25.
China Lodging Group, Limited (NASDAQ:HTHT) operates hotel chain in China with leased-and-operated and franchised-and-managed models.
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