ValuEngine upgraded shares of Huazhu Group (NASDAQ:HTHT) from a hold rating to a buy rating in a research report report published on Friday morning, ValuEngine reports.

HTHT has been the subject of a number of other reports. Zacks Investment Research cut Huazhu Group from a hold rating to a sell rating in a research report on Wednesday, November 13th. Goldman Sachs Group cut Huazhu Group from a buy rating to a neutral rating and decreased their target price for the company from $43.00 to $40.00 in a research report on Friday, September 13th. Benchmark increased their price objective on Huazhu Group from $35.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, November 13th. BidaskClub raised Huazhu Group from a sell rating to a hold rating in a research report on Saturday, October 12th. Finally, TheStreet raised Huazhu Group from a c rating to a b- rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $36.75.

Shares of NASDAQ HTHT traded down $1.02 during trading hours on Friday, reaching $36.25. The stock had a trading volume of 1,263,600 shares, compared to its average volume of 1,339,370. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 100.69, a PEG ratio of 3.41 and a beta of 1.80. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 3.24. Huazhu Group has a fifty-two week low of $26.30 and a fifty-two week high of $45.39. The firm has a 50-day moving average of $35.49 and a 200-day moving average of $34.48.

Huazhu Group (NASDAQ:HTHT) last announced its earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Huazhu Group had a return on equity of 10.47% and a net margin of 6.55%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 EPS. On average, equities analysts predict that Huazhu Group will post 0.71 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Banco Santander S.A. acquired a new stake in Huazhu Group during the 3rd quarter worth approximately $1,082,000. GW&K Investment Management LLC lifted its holdings in shares of Huazhu Group by 25.4% in the 3rd quarter. GW&K Investment Management LLC now owns 47,683 shares of the company’s stock valued at $1,574,000 after buying an additional 9,655 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Huazhu Group in the 3rd quarter valued at approximately $157,000. California Public Employees Retirement System lifted its holdings in shares of Huazhu Group by 186.7% in the 3rd quarter. California Public Employees Retirement System now owns 196,689 shares of the company’s stock valued at $6,495,000 after buying an additional 128,088 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Huazhu Group by 1.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 424,264 shares of the company’s stock valued at $14,009,000 after buying an additional 4,100 shares during the period. 48.59% of the stock is owned by institutional investors.

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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Analyst Recommendations for Huazhu Group (NASDAQ:HTHT)

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