Goldman Sachs Group Downgrades Huazhu Group (NASDAQ:HTHT) to Neutral

Goldman Sachs Group downgraded shares of Huazhu Group (NASDAQ:HTHT) from a buy rating to a neutral rating in a research report released on Friday morning, BenzingaRatingsTable reports. Goldman Sachs Group currently has $40.00 price objective on the stock, down from their previous price objective of $43.00.

Several other equities research analysts have also recently weighed in on the company. ValuEngine upgraded Huazhu Group from a sell rating to a hold rating in a report on Saturday, June 22nd. HSBC lowered Huazhu Group from a buy rating to a hold rating in a research report on Wednesday, July 17th. Zacks Investment Research lowered Huazhu Group from a buy rating to a hold rating in a research report on Wednesday, August 28th. TheStreet raised Huazhu Group from a c rating to a b- rating in a research report on Friday, August 23rd. Finally, Benchmark reissued a buy rating and issued a $35.00 target price (down previously from $40.00) on shares of Huazhu Group in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $37.21.

NASDAQ HTHT opened at $36.14 on Friday. Huazhu Group has a fifty-two week low of $24.90 and a fifty-two week high of $45.39. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.52 and a current ratio of 0.53. The stock has a 50 day simple moving average of $33.10 and a two-hundred day simple moving average of $35.84. The stock has a market cap of $11.03 billion, a P/E ratio of 100.39, a price-to-earnings-growth ratio of 3.77 and a beta of 1.79.

Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the business posted $1.98 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Sell-side analysts predict that Huazhu Group will post 0.81 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Hancock Whitney Corp bought a new position in shares of Huazhu Group in the 2nd quarter worth approximately $218,000. Natixis increased its position in Huazhu Group by 1,443.2% during the 2nd quarter. Natixis now owns 109,781 shares of the company’s stock valued at $3,980,000 after buying an additional 102,667 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in Huazhu Group by 3,606.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,689,327 shares of the company’s stock valued at $61,238,000 after buying an additional 1,643,747 shares in the last quarter. Royal Bank of Canada increased its position in Huazhu Group by 4.8% during the 2nd quarter. Royal Bank of Canada now owns 80,324 shares of the company’s stock valued at $2,912,000 after buying an additional 3,677 shares in the last quarter. Finally, UBS Group AG boosted its stake in Huazhu Group by 34.1% during the 2nd quarter. UBS Group AG now owns 473,768 shares of the company’s stock valued at $17,174,000 after purchasing an additional 120,411 shares during the last quarter. 47.53% of the stock is owned by hedge funds and other institutional investors.

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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