H World Group (NASDAQ:HTHT) Price Target Raised to $60.00

H World Group (NASDAQ:HTHT) had its price target raised by Benchmark from $52.00 to $60.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently weighed in on HTHT. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price for the company in a report on Monday, March 9th. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, H World Group has a consensus rating of “Buy” and an average price target of $54.80.

H World Group Trading Down 0.8%

HTHT opened at $50.11 on Thursday. H World Group has a one year low of $30.20 and a one year high of $56.63. The company has a market cap of $15.43 billion, a P/E ratio of 22.27, a PEG ratio of 1.09 and a beta of 0.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 0.91. The business’s 50-day simple moving average is $51.33 and its 200-day simple moving average is $45.66.

H World Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th will be paid a $1.30 dividend. The ex-dividend date is Monday, May 4th. This represents a yield of 518.0%. H World Group’s payout ratio is currently 70.22%.

Hedge Funds Weigh In On H World Group

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in H World Group by 11.2% during the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock worth $338,000 after purchasing an additional 936 shares during the period. PNC Financial Services Group Inc. increased its stake in H World Group by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after purchasing an additional 968 shares during the period. Creative Planning increased its stake in H World Group by 31.9% in the second quarter. Creative Planning now owns 53,640 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,959 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of H World Group in the second quarter valued at about $174,000. Finally, Rovida Advisors Inc. acquired a new stake in shares of H World Group during the second quarter worth about $8,480,000. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.