Brokerages Set China Lodging Group Ltd. (HTHT) PT at $39.19
Shares of China Lodging Group Ltd. (NASDAQ:HTHT) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the company. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $39.19.
A number of analysts recently issued reports on HTHT shares. Zacks Investment Research raised shares of China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a report on Tuesday, September 20th. Morgan Stanley downgraded shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $36.20 to $40.00 in a report on Wednesday, August 17th. Finally, Brean Capital increased their price target on shares of China Lodging Group from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th.
China Lodging Group (NASDAQ:HTHT) opened at 45.13 on Monday. China Lodging Group has a 1-year low of $25.42 and a 1-year high of $47.72. The company’s 50 day moving average is $45.50 and its 200-day moving average is $38.89. The stock has a market cap of $3.12 billion, a PE ratio of 29.89 and a beta of 1.32.
China Lodging Group (NASDAQ:HTHT) last announced its quarterly earnings results on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.30. China Lodging Group had a net margin of 10.76% and a return on equity of 16.36%. The firm had revenue of $254.40 million for the quarter, compared to the consensus estimate of $248.76 million. During the same period in the prior year, the firm posted $2.59 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts forecast that China Lodging Group will post $1.55 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in China Lodging Group by 67.1% in the first quarter. Goldman Sachs Group Inc. now owns 321,225 shares of the company’s stock valued at $12,274,000 after buying an additional 129,013 shares in the last quarter. Invictus RG acquired a new position in China Lodging Group during the first quarter valued at $129,000. Teachers Advisors Inc. increased its position in China Lodging Group by 12.5% in the first quarter. Teachers Advisors Inc. now owns 121,178 shares of the company’s stock valued at $4,630,000 after buying an additional 13,460 shares in the last quarter. Advisors Asset Management Inc. increased its position in China Lodging Group by 2.7% in the second quarter. Advisors Asset Management Inc. now owns 7,541 shares of the company’s stock valued at $275,000 after buying an additional 199 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in China Lodging Group by 44.4% in the first quarter. Renaissance Technologies LLC now owns 457,600 shares of the company’s stock valued at $17,485,000 after buying an additional 140,800 shares in the last quarter. 37.58% of the stock is currently owned by hedge funds and other institutional investors.
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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