China Lodging Group Ltd. (HTHT) Upgraded to Strong-Buy by Zacks Investment Research
China Lodging Group Ltd. (NASDAQ:HTHT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The firm presently has a $52.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 14.09% from the stock’s previous close.
According to Zacks, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China. “
Several other equities research analysts have also recently weighed in on the stock. Brean Capital boosted their price target on shares of China Lodging Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Morgan Stanley cut shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $36.20 to $40.00 in a research report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $39.00 price target on shares of China Lodging Group in a research report on Thursday, June 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $39.19.
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China Lodging Group (NASDAQ:HTHT) traded up 0.95% during mid-day trading on Tuesday, hitting $45.58. 95,475 shares of the stock traded hands. China Lodging Group has a 1-year low of $23.58 and a 1-year high of $47.72. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 30.19 and a beta of 1.43. The company’s 50 day moving average price is $42.93 and its 200-day moving average price is $37.44.
China Lodging Group (NASDAQ:HTHT) last released its quarterly earnings data on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.30. The firm had revenue of $254.40 million for the quarter, compared to analysts’ expectations of $248.76 million. China Lodging Group had a net margin of 10.76% and a return on equity of 16.36%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.59 earnings per share. Analysts predict that China Lodging Group will post $1.56 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in China Lodging Group by 67.1% in the first quarter. Goldman Sachs Group Inc. now owns 321,225 shares of the company’s stock valued at $12,274,000 after buying an additional 129,013 shares during the last quarter. Invictus RG purchased a new position in China Lodging Group during the first quarter valued at approximately $129,000. Renaissance Technologies LLC raised its position in China Lodging Group by 44.4% in the first quarter. Renaissance Technologies LLC now owns 457,600 shares of the company’s stock valued at $17,485,000 after buying an additional 140,800 shares during the last quarter. Teachers Advisors Inc. raised its position in China Lodging Group by 12.5% in the first quarter. Teachers Advisors Inc. now owns 121,178 shares of the company’s stock valued at $4,630,000 after buying an additional 13,460 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in China Lodging Group during the first quarter valued at approximately $415,000. 37.59% of the stock is owned by institutional investors.
About China Lodging Group
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
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