Huazhu Group Limited (NASDAQ:HTHT) Receives $61.78 Consensus Target Price from Analysts

Huazhu Group Limited (NASDAQ:HTHT) has been given an average recommendation of “Buy” by the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $61.78.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Huazhu Group from a “hold” rating to a “sell” rating in a report on Thursday, December 9th. UBS Group assumed coverage on shares of Huazhu Group in a report on Friday, September 24th. They issued a “buy” rating and a $63.00 price objective on the stock. Finally, Benchmark reduced their price objective on shares of Huazhu Group from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 26th.

HTHT stock traded up $0.09 during midday trading on Friday, hitting $34.26. The company’s stock had a trading volume of 2,018,876 shares, compared to its average volume of 1,547,015. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. Huazhu Group has a 52-week low of $32.99 and a 52-week high of $64.53. The firm has a market capitalization of $11.19 billion, a P/E ratio of 107.06 and a beta of 1.48. The firm has a 50-day simple moving average of $39.89 and a 200-day simple moving average of $44.94.

Huazhu Group (NASDAQ:HTHT) last issued its quarterly earnings results on Wednesday, November 24th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.22). Huazhu Group had a net margin of 5.55% and a return on equity of 6.09%. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. On average, sell-side analysts expect that Huazhu Group will post -0.14 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its stake in Huazhu Group by 5.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 614,575 shares of the company’s stock worth $28,184,000 after acquiring an additional 29,364 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Huazhu Group by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 441,878 shares of the company’s stock worth $20,266,000 after acquiring an additional 2,239 shares in the last quarter. Crestwood Capital Management L.P. raised its stake in Huazhu Group by 21.1% during the 3rd quarter. Crestwood Capital Management L.P. now owns 346,620 shares of the company’s stock worth $15,896,000 after acquiring an additional 60,448 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Huazhu Group during the 3rd quarter worth $1,151,000. Finally, Twinbeech Capital LP acquired a new position in Huazhu Group in the third quarter valued at $648,000. Hedge funds and other institutional investors own 51.27% of the company’s stock.

About Huazhu Group

Huazhu Group Ltd. engages in the operation of hotels. The firm operates through the Legacy Huazhu and Legacy DH segments. It targets economy, midscale, upper midscale, and upscale hotel brands. The economy hotel brands comprises of HanTing, Ni Hao, Hi Inn, Elan, Zleep, and Ibis Hotels. The midscale hotel includes JI Hotel, Orange Hotel, Starway, and Ibis Styles Hotels.

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