China Lodging Group Ltd. (NASDAQ:HTHT) Receives Consensus Recommendation of “Buy” from Analysts
China Lodging Group Ltd. (NASDAQ:HTHT) has been assigned a consensus rating of “Buy” from the nine brokerages that are currently covering the firm. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.19.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Tuesday, September 20th. Brean Capital increased their price objective 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. Finally, Morgan Stanley cut shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $36.20 to $40.00 in a research report on Wednesday, August 17th.
China Lodging Group (NASDAQ:HTHT) traded up 0.54% during trading on Monday, reaching $46.58. The company had a trading volume of 62,197 shares. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 30.85 and a beta of 1.32. The company has a 50-day moving average price of $45.33 and a 200 day moving average price of $38.68. China Lodging Group has a one year low of $25.42 and a one year high of $47.72.
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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, topping the Zacks’ consensus estimate of $0.41 by $0.30. The company 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 business’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.59 EPS. Analysts expect that China Lodging Group will post $1.55 earnings per share for the current year.
Several large investors have recently bought and sold shares of HTHT. Goldman Sachs Group Inc. raised its stake 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 period. Invictus RG purchased a new stake in China Lodging Group during the first quarter valued at approximately $129,000. Teachers Advisors Inc. raised its stake 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 period. Advisors Asset Management Inc. raised its stake in China Lodging Group by 2.7% in the second quarter. Advisors Asset Management Inc. now owns 7,541 shares of the company’s stock valued at $275,000 after buying an additional 199 shares during the period. Finally, Renaissance Technologies LLC raised its stake 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 period. Institutional investors own 37.58% of the company’s stock.
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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