Zacks Investment Research upgraded shares of China Lodging Group, Limited (NASDAQ:HTHT) from a hold rating to a strong-buy rating in a research report released on Wednesday. Zacks Investment Research currently has $109.00 price target on the stock.

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 equities analysts have also issued reports about the company. BidaskClub lowered China Lodging Group, Limited from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. Macquarie lowered China Lodging Group, Limited from an outperform rating to a neutral rating and upped their target price for the company from $66.00 to $72.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. J P Morgan Chase & Co reaffirmed an overweight rating and set a $90.00 target price (up from $78.00) on shares of China Lodging Group, Limited in a report on Wednesday, May 10th. Finally, Benchmark Co. assumed coverage on China Lodging Group, Limited in a report on Tuesday, April 18th. They set a buy rating and a $68.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. China Lodging Group, Limited presently has an average rating of Buy and a consensus price target of $71.00.

Shares of China Lodging Group, Limited (NASDAQ HTHT) opened at 95.17 on Wednesday. The firm has a market capitalization of $6.63 billion, a PE ratio of 52.01 and a beta of 1.66. The firm’s 50-day moving average price is $84.05 and its 200-day moving average price is $68.47. China Lodging Group, Limited has a 52-week low of $36.96 and a 52-week high of $97.44.

COPYRIGHT VIOLATION WARNING: “China Lodging Group, Limited (HTHT) Upgraded to “Strong-Buy” by Zacks Investment Research” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/china-lodging-group-limited-htht-upgraded-to-strong-buy-by-zacks-investment-research/1462419.html.

Institutional investors have recently modified their holdings of the company. OppenheimerFunds Inc. increased its position in shares of China Lodging Group, Limited by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 6,364,365 shares of the company’s stock valued at $394,909,000 after buying an additional 366,699 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of China Lodging Group, Limited by 10.2% in the first quarter. William Blair Investment Management LLC now owns 905,083 shares of the company’s stock valued at $56,160,000 after buying an additional 83,572 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of China Lodging Group, Limited by 7.2% in the first quarter. Renaissance Technologies LLC now owns 764,791 shares of the company’s stock valued at $47,455,000 after buying an additional 51,091 shares in the last quarter. FMR LLC increased its position in shares of China Lodging Group, Limited by 12.3% in the first quarter. FMR LLC now owns 745,500 shares of the company’s stock valued at $46,258,000 after buying an additional 81,900 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of China Lodging Group, Limited by 25.3% in the first quarter. Macquarie Group Ltd. now owns 514,937 shares of the company’s stock valued at $31,952,000 after buying an additional 104,037 shares in the last quarter. Institutional investors and hedge funds own 44.70% of the company’s stock.

About China Lodging Group, Limited

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.

Get a free copy of the Zacks research report on China Lodging Group, Limited (HTHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for China Lodging Group, Limited (NASDAQ:HTHT)

Receive News & Ratings for China Lodging Group Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Lodging Group Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.