China Lodging Group Ltd. (HTHT) Upgraded by Zacks Investment Research to “Strong-Buy”
China Lodging Group Ltd. (NASDAQ:HTHT) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The firm currently has a $52.00 price target on the stock. Zacks Investment Research’s target price points to a potential upside of 14.09% from the company’s current price.
According to Zacks, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China. “
Other analysts also recently issued research reports about the stock. Brean Capital raised their price objective on shares of China Lodging Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Morgan Stanley downgraded shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $36.20 to $40.00 in a research note on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $39.00 price objective on shares of China Lodging Group in a research note on Thursday, June 9th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.19.
China Lodging Group (NASDAQ:HTHT) traded up 0.95% during midday trading on Tuesday, hitting $45.58. The stock had a trading volume of 95,475 shares. China Lodging Group has a 1-year low of $23.58 and a 1-year high of $47.72. The stock’s 50-day moving average is $42.93 and its 200-day moving average is $37.44. The company has a market capitalization of $3.15 billion, a PE ratio of 30.19 and a beta of 1.43.
China Lodging Group (NASDAQ:HTHT) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.30. The business earned $254.40 million during the quarter, compared to the consensus estimate of $248.76 million. China Lodging Group had a net margin of 10.76% and a return on equity of 16.36%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.59 earnings per share. Equities research analysts forecast that China Lodging Group will post $1.56 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of China Lodging Group by 11.3% in the second quarter. Acadian Asset Management LLC now owns 1,444,289 shares of the company’s stock worth $52,615,000 after buying an additional 147,039 shares during the period. FMR LLC raised its position in shares of China Lodging Group by 28.0% in the second quarter. FMR LLC now owns 679,400 shares of the company’s stock worth $24,751,000 after buying an additional 148,600 shares during the period. Standard Life Investments LTD raised its position in shares of China Lodging Group by 180.7% in the second quarter. Standard Life Investments LTD now owns 647,824 shares of the company’s stock worth $23,613,000 after buying an additional 417,072 shares during the period. Henderson Group PLC bought a new position in shares of China Lodging Group during the second quarter worth approximately $17,079,000. Finally, Renaissance Technologies LLC raised its position in shares of China Lodging Group by 44.4% in the first quarter. Renaissance Technologies LLC now owns 457,600 shares of the company’s stock worth $17,485,000 after buying an additional 140,800 shares during the period. 37.59% of the stock is currently owned by institutional investors and hedge funds.
About China Lodging Group
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
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