Huazhu Group (NASDAQ:HTHT) Downgraded to “Neutral” at Credit Suisse Group

Credit Suisse Group lowered shares of Huazhu Group (NASDAQ:HTHT) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday morning, Briefing.com Automated Import reports.

Other analysts also recently issued research reports about the stock. China Renaissance Securities started coverage on shares of GreenTree Hospitality Group in a research report on Monday, May 6th. They set a buy rating and a $18.40 price objective for the company. Daiwa Capital Markets downgraded shares of Huazhu Group from an outperform rating to an underperform rating in a research report on Monday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Weight Watchers International from $12.00 to $14.00 and gave the stock an underweight rating in a research report on Tuesday, April 30th. TheStreet downgraded shares of Zimmer Biomet from a b- rating to a c rating in a research report on Friday, June 7th. Finally, BidaskClub raised shares of YY from a strong sell rating to a sell rating in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $39.00.

NASDAQ:HTHT opened at $32.42 on Wednesday. The firm has a market cap of $9.52 billion, a P/E ratio of 77.19, a PEG ratio of 3.02 and a beta of 1.79. The firm’s 50 day moving average price is $33.54. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.70 and a quick ratio of 0.70. Huazhu Group has a fifty-two week low of $24.90 and a fifty-two week high of $45.39.

Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.12). The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $3.85 EPS. As a group, research analysts expect that Huazhu Group will post 0.85 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. OppenheimerFunds Inc. lifted its holdings in shares of Huazhu Group by 6.7% in the 1st quarter. OppenheimerFunds Inc. now owns 29,679,530 shares of the company’s stock worth $1,250,695,000 after purchasing an additional 1,852,392 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Huazhu Group by 1,119.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock worth $313,216,000 after purchasing an additional 6,823,167 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Huazhu Group by 4.6% in the 1st quarter. BlackRock Inc. now owns 6,258,313 shares of the company’s stock worth $263,723,000 after purchasing an additional 273,044 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Huazhu Group by 15.7% in the 1st quarter. William Blair Investment Management LLC now owns 4,903,492 shares of the company’s stock worth $206,623,000 after purchasing an additional 663,982 shares in the last quarter. Finally, Yiheng Capital LLC lifted its holdings in shares of Huazhu Group by 26.9% in the 4th quarter. Yiheng Capital LLC now owns 2,662,588 shares of the company’s stock worth $76,230,000 after purchasing an additional 564,194 shares in the last quarter. Institutional investors own 44.82% of the company’s stock.

Huazhu Group Company Profile

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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