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

Shares of Huazhu Group Limited (NASDAQ:HTHT) have earned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $61.78.

HTHT has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Huazhu Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 9th. Benchmark decreased their price objective on shares of Huazhu Group from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 26th. Finally, UBS Group assumed coverage on shares of Huazhu Group in a research note on Friday, September 24th. They set a “buy” rating and a $63.00 price objective for the company.

HTHT stock traded up $0.09 on Friday, hitting $34.26. 2,018,876 shares of the company were exchanged, compared to its average volume of 1,547,015. Huazhu Group has a twelve month low of $32.99 and a twelve month high of $64.53. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.08 and a quick ratio of 1.07. The business’s fifty day moving average is $39.89 and its two-hundred day moving average is $44.94. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 107.06 and a beta of 1.48.

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 consensus estimate of $0.07 by ($0.22). Huazhu Group had a return on equity of 6.09% and a net margin of 5.55%. During the same quarter last year, the business posted ($0.11) EPS. Equities research analysts expect that Huazhu Group will post -0.14 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of Huazhu Group by 2.6% in the third quarter. Invesco Ltd. now owns 33,915,896 shares of the company’s stock valued at $1,555,383,000 after purchasing an additional 843,394 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Huazhu Group by 29.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,992,090 shares of the company’s stock valued at $633,302,000 after purchasing an additional 2,715,681 shares during the period. Schroder Investment Management Group purchased a new position in shares of Huazhu Group in the third quarter valued at $39,187,000. Vanguard Group Inc. boosted its stake in shares of Huazhu Group by 9.9% in the second quarter. Vanguard Group Inc. now owns 7,293,387 shares of the company’s stock valued at $385,164,000 after purchasing an additional 654,140 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Huazhu Group by 7.9% in the second quarter. BlackRock Inc. now owns 7,250,400 shares of the company’s stock valued at $382,894,000 after purchasing an additional 532,396 shares during the period. Institutional investors and hedge funds 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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