Huazhu Group (NASDAQ:HTHT) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday, ValuEngine reports.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Huazhu Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, March 21st. BidaskClub cut Huazhu Group from a “strong-buy” rating to a “buy” rating in a research report on Monday. China International Capital cut Huazhu Group from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. China Renaissance Securities restated a “hold” rating on shares of Huazhu Group in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. cut Huazhu Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 30th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.67.

HTHT traded down $2.52 during trading hours on Thursday, hitting $31.88. The company’s stock had a trading volume of 5,301,217 shares, compared to its average volume of 1,494,878. Huazhu Group has a fifty-two week low of $24.90 and a fifty-two week high of $49.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.17 and a quick ratio of 1.16. The stock has a market cap of $10.17 billion, a P/E ratio of 88.56, a P/E/G ratio of 1.92 and a beta of 1.54.

Huazhu Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, May 22nd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.12). Huazhu Group had a net margin of 7.16% and a return on equity of 15.82%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business earned $3.85 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. Equities analysts anticipate that Huazhu Group will post 1.11 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. increased its position in shares of Huazhu Group by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 29,679,530 shares of the company’s stock valued at $1,250,695,000 after purchasing an additional 1,852,392 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Huazhu Group by 1,119.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock valued at $313,216,000 after buying an additional 6,823,167 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Huazhu Group by 4.6% during the 1st quarter. BlackRock Inc. now owns 6,258,313 shares of the company’s stock valued at $263,723,000 after buying an additional 273,044 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Huazhu Group by 15.7% during the 1st quarter. William Blair Investment Management LLC now owns 4,903,492 shares of the company’s stock valued at $206,623,000 after buying an additional 663,982 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Huazhu Group by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,607,269 shares of the company’s stock valued at $116,515,000 after buying an additional 61,853 shares in the last quarter. Institutional investors own 46.31% of the company’s stock.

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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