Brokerages Set Huazhu Group Ltd (HTHT) Target Price at $41.88
Shares of Huazhu Group Ltd (NASDAQ:HTHT) have been assigned a consensus recommendation of “Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.88.
HTHT has been the subject of several research analyst reports. Zacks Investment Research downgraded Huazhu Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. JPMorgan Chase & Co. dropped their price target on Huazhu Group from $53.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, October 24th. BidaskClub raised Huazhu Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 15th. ValuEngine raised Huazhu Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Citigroup initiated coverage on Huazhu Group in a report on Tuesday, December 11th. They set a “buy” rating and a $45.00 price target for the company.
Shares of NASDAQ HTHT traded up $0.80 during midday trading on Friday, hitting $34.20. 14,064 shares of the company’s stock were exchanged, compared to its average volume of 1,238,672. The company has a current ratio of 1.34, a quick ratio of 1.33 and a debt-to-equity ratio of 1.17. Huazhu Group has a 12 month low of $24.90 and a 12 month high of $49.60. The company has a market capitalization of $10.06 billion, a P/E ratio of 52.60 and a beta of 1.52.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd were issued a dividend of $0.34 per share. This is a boost from Huazhu Group’s previous quarterly dividend of $0.16. This represents a $1.36 annualized dividend and a yield of 3.98%. The ex-dividend date was Monday, December 31st. Huazhu Group’s dividend payout ratio (DPR) is presently 49.23%.
Large investors have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. raised its holdings in Huazhu Group by 14.2% in the 3rd quarter. OppenheimerFunds Inc. now owns 27,674,669 shares of the company’s stock valued at $893,892,000 after acquiring an additional 3,436,062 shares in the last quarter. Standard Life Aberdeen plc acquired a new position in Huazhu Group in the 3rd quarter valued at $508,435,000. Schroder Investment Management Group raised its holdings in Huazhu Group by 8.0% in the 3rd quarter. Schroder Investment Management Group now owns 12,251,948 shares of the company’s stock valued at $395,737,000 after acquiring an additional 902,725 shares in the last quarter. Morgan Stanley raised its holdings in Huazhu Group by 3.0% in the 3rd quarter. Morgan Stanley now owns 10,813,022 shares of the company’s stock valued at $349,260,000 after acquiring an additional 317,864 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Huazhu Group by 4.1% in the 4th quarter. BlackRock Inc. now owns 5,985,269 shares of the company’s stock valued at $171,357,000 after acquiring an additional 234,644 shares in the last quarter. 43.16% of the stock is 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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