BidaskClub Upgrades Huazhu Group (HTHT) to Strong-Buy

Huazhu Group (NASDAQ:HTHT) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Other analysts have also issued research reports about the company. Citigroup started coverage on Huazhu Group in a report on Tuesday, December 11th. They issued a “buy” rating and a $45.00 target price on the stock. ValuEngine raised Huazhu Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research raised Huazhu Group from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, November 21st. Finally, CLSA started coverage on Huazhu Group in a report on Tuesday, January 22nd. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $43.36.

Shares of HTHT stock opened at $39.73 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.33 and a debt-to-equity ratio of 1.39. The firm has a market cap of $11.88 billion, a P/E ratio of 110.36, a price-to-earnings-growth ratio of 1.76 and a beta of 1.56. Huazhu Group has a 1-year low of $24.90 and a 1-year high of $49.60.

Huazhu Group (NASDAQ:HTHT) last posted its earnings results on Thursday, March 14th. The company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.02). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.60 billion. Huazhu Group had a net margin of 7.16% and a return on equity of 15.82%. During the same period last year, the company posted $3.55 EPS. Equities analysts predict that Huazhu Group will post 1.11 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of HTHT. Rehmann Capital Advisory Group boosted its stake in shares of Huazhu Group by 533.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $28,000 after acquiring an additional 822 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Huazhu Group by 50.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,538 shares of the company’s stock valued at $44,000 after acquiring an additional 514 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Huazhu Group during the fourth quarter valued at $63,000. IFP Advisors Inc boosted its stake in shares of Huazhu Group by 10.9% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the company’s stock valued at $100,000 after acquiring an additional 324 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Huazhu Group during the fourth quarter valued at $103,000. 43.62% of the stock is currently owned by institutional investors and hedge funds.

About Huazhu Group

Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.

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Analyst Recommendations for Huazhu Group (NASDAQ:HTHT)

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