China Lodging Group, Ltd Sees Strong Trading Volume Following Analyst Upgrade (HTHT)
Shares of China Lodging Group, Ltd (NASDAQ:HTHT) saw strong trading volume on Wednesday after Brean Capital raised their price target on the stock from $27.00 to $29.00, Analyst RN reports. Brean Capital currently has a buy rating on the stock. Approximately 183,249 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 108,457 shares.The stock last traded at $26.90 and had previously closed at $26.33.
Separately, 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.
The stock’s 50-day moving average is $24.81 and its 200-day moving average is $24.79. The company has a market cap of $1.658 billion and a P/E ratio of 34.55.
China Lodging Group, Ltd (NASDAQ:HTHT) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ 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. China Lodging Group, Ltd’s revenue was up 20.5% compared to the same quarter last year. On average, analysts predict that China Lodging Group, Ltd will post $5.60 earnings per share 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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