Huazhu Group (NASDAQ:HTHT) was downgraded by research analysts at BofA Securities from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, Briefing.com Automated Import reports.
HTHT has been the topic of several other research reports. CLSA upgraded Huazhu Group from a "sell" rating to an "outperform" rating in a report on Friday, April 24th. China Renaissance Securities raised Huazhu Group from a "hold" rating to a "buy" rating and set a $35.00 target price on the stock in a research note on Monday, March 30th. Credit Suisse Group raised Huazhu Group from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 21st. China International Capital raised Huazhu Group from a "hold" rating to a "buy" rating in a research report on Monday, March 30th. Finally, ValuEngine downgraded Huazhu Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of "Hold" and an average target price of $35.01.
HTHT opened at $35.05 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.54. The firm's 50 day moving average is $34.90 and its 200-day moving average is $34.24. The firm has a market capitalization of $10.40 billion, a P/E ratio of 41.24 and a beta of 1.60. Huazhu Group has a 52-week low of $25.01 and a 52-week high of $43.15.
Huazhu Group (NASDAQ:HTHT) last announced its earnings results on Tuesday, June 30th. The company reported ($3.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.63) by ($2.22). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.96 billion. Huazhu Group had a return on equity of 24.55% and a net margin of 15.70%. The firm's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. Equities analysts expect that Huazhu Group will post -0.35 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of HTHT. Advisor Group Holdings Inc. bought a new stake in shares of Huazhu Group during the 1st quarter valued at $27,000. AJO LP raised its position in shares of Huazhu Group by 773.8% during the 1st quarter. AJO LP now owns 2,438 shares of the company's stock valued at $70,000 after buying an additional 2,159 shares in the last quarter. Atlas Capital Advisors LLC raised its position in shares of Huazhu Group by 17.7% during the 1st quarter. Atlas Capital Advisors LLC now owns 3,107 shares of the company's stock valued at $89,000 after buying an additional 467 shares in the last quarter. Royal Bank of Canada raised its position in Huazhu Group by 205.7% in the 1st quarter. Royal Bank of Canada now owns 5,539 shares of the company's stock worth $159,000 after purchasing an additional 3,727 shares during the period. Finally, Sustainable Growth Advisers LP raised its position in Huazhu Group by 24.4% in the 1st quarter. Sustainable Growth Advisers LP now owns 7,051 shares of the company's stock worth $203,000 after purchasing an additional 1,381 shares during the period. 45.57% of the stock is owned by hedge funds and other institutional investors.
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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