Huazhu Group (NASDAQ:HTHT) PT Lowered to $38.50 at Bank of America

Huazhu Group (NASDAQ:HTHT) had its price objective lowered by equities research analysts at Bank of America from $42.20 to $38.50 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 18.83% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Huazhu Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 30th. ValuEngine raised shares of Huazhu Group from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. Benchmark reissued a “buy” rating and issued a $35.00 price target (down from $40.00) on shares of Huazhu Group in a report on Thursday. China International Capital downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Finally, Credit Suisse Group downgraded shares of Huazhu Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.75.

NASDAQ HTHT opened at $32.40 on Thursday. The company has a market cap of $9.69 billion, a PE ratio of 90.00, a price-to-earnings-growth ratio of 3.07 and a beta of 1.78. Huazhu Group has a 52 week low of $24.90 and a 52 week high of $45.39. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.09. The firm’s 50-day simple moving average is $33.04 and its two-hundred day simple moving average is $35.80.

Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Huazhu Group had a net margin of 6.76% and a return on equity of 13.43%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 earnings per share. As a group, equities research analysts anticipate that Huazhu Group will post 0.85 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Advisers LP bought a new position in Huazhu Group during the fourth quarter valued at approximately $212,000. Private Capital Group LLC grew its holdings in shares of Huazhu Group by 715.2% in the first quarter. Private Capital Group LLC now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Huazhu Group by 877.4% in the first quarter. Bank of Montreal Can now owns 1,205,670 shares of the company’s stock worth $50,806,000 after purchasing an additional 1,082,319 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Huazhu Group by 48.6% in the first quarter. Quadrant Capital Group LLC now owns 3,326 shares of the company’s stock worth $139,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Huazhu Group by 20.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,658 shares of the company’s stock worth $1,840,000 after purchasing an additional 7,485 shares during the last quarter. 45.77% 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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