GreenTree Hospitality Group (NYSE:GHG - Get Free Report) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a note issued to investors on Monday, Marketbeat reports. The brokerage presently has a $4.00 price target on the stock. Morgan Stanley's price target would suggest a potential upside of 23.08% from the stock's current price.
GreenTree Hospitality Group Price Performance
GHG traded up $0.01 on Monday, reaching $3.25. The company had a trading volume of 6,913 shares, compared to its average volume of 6,449. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.20 and a current ratio of 1.21. The company has a fifty day moving average of $3.14 and a 200-day moving average of $3.40. GreenTree Hospitality Group has a one year low of $2.72 and a one year high of $6.78.
GreenTree Hospitality Group (NYSE:GHG - Get Free Report) last announced its earnings results on Monday, March 25th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $52.42 million for the quarter, compared to the consensus estimate of $57.94 million. As a group, research analysts expect that GreenTree Hospitality Group will post 0.35 EPS for the current year.
Hedge Funds Weigh In On GreenTree Hospitality Group
A hedge fund recently bought a new stake in GreenTree Hospitality Group stock. Camelot Portfolios LLC purchased a new position in GreenTree Hospitality Group Ltd. (NYSE:GHG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,000 shares of the company's stock, valued at approximately $49,000. Institutional investors own 8.05% of the company's stock.
GreenTree Hospitality Group Company Profile
(
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GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.
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