Zacks Downgrades Home Inns & Hotels Management to Neutral (HMIN)
Home Inns & Hotels Management (NASDAQ:HMIN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, AR Network reports. They currently have a $46.90 target price on the stock. Zacks‘ price objective would suggest a potential upside of 19.07% from the stock’s previous close.
Home Inns & Hotels Management (NASDAQ:HMIN) traded up 4.21% during mid-day trading on Wednesday, hitting $41.05. The stock had a trading volume of 247,144 shares. Home Inns & Hotels Management has a one year low of $23.93 and a one year high of $44.17. The stock’s 50-day moving average is $41.24 and its 200-day moving average is $35.1. The company has a market cap of $1.920 billion and a P/E ratio of 63.33.
Home Inns & Hotels Management (NASDAQ:HMIN) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.99 by $2.80. The company had revenue of $284.18 million for the quarter. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts expect that Home Inns & Hotels Management will post $7.92 EPS for the current fiscal year.
HMIN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Home Inns & Hotels Management in a research note to investors on Monday, November 18th. They now have a $46.00 price target on the stock, up previously from $40.00. Separately, analysts at T.H. Capital raised their price target on shares of Home Inns & Hotels Management from $37.00 to $50.00 in a research note to investors on Monday, November 18th. They now have a “buy” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Home Inns & Hotels Management from $42.00 to $50.00 in a research note to investors on Friday, November 15th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $45.18.
Home Inns & Hotels Management Inc (NASDAQ:HMIN) is an economy hotel chain in the People’s Republic of China.
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