Brean Capital Increases China Lodging Group, Ltd Price Target to $29.00 (HTHT)
Equities researchers at Brean Capital raised their price objective on shares of China Lodging Group, Ltd (NASDAQ:HTHT) from $27.00 to $29.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Brean Capital’s target price would indicate a potential upside of 16.37% from the company’s current price.
A number of other analysts have also recently weighed in on HTHT. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of China Lodging Group, Ltd in a research note on Friday, July 11th. They now have a $29.40 price target on the stock.
Shares of China Lodging Group, Ltd (NASDAQ:HTHT) traded up 3.41% on Tuesday, hitting $25.77. The stock had a trading volume of 107,023 shares. China Lodging Group, Ltd has a 52-week low of $18.05 and a 52-week high of $32.29. The stock’s 50-day moving average is $24.77 and its 200-day moving average is $24.80. The company has a market cap of $1.597 billion and a price-to-earnings ratio of 35.86.
China Lodging Group, Ltd (NASDAQ:HTHT) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $106.44 million. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. Analysts expect that China Lodging Group, Ltd will post $5.36 EPS for the current fiscal year.
China Lodging Group, Limited (NASDAQ:HTHT) operates hotel chain in China with leased-and-operated and franchised-and-managed models.
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