Huazhu Group (NASDAQ:HTHT) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of Huazhu Group (NASDAQ:HTHT) from a buy rating to a hold rating in a research report released on Monday, April 1st, ValuEngine reports.

HTHT has been the topic of several other reports. Zacks Investment Research upgraded shares of Huazhu Group from a sell rating to a buy rating and set a $36.00 target price on the stock in a research report on Thursday, January 17th. BidaskClub upgraded shares of Huazhu Group from a buy rating to a strong-buy rating in a research report on Wednesday, March 20th. Finally, CLSA started coverage on shares of Huazhu Group in a report on Tuesday, January 22nd. They set a buy rating on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $43.36.

Shares of HTHT traded down $0.66 during trading hours on Monday, reaching $44.28. 1,528,235 shares of the stock traded hands, compared to its average volume of 1,418,139. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.17. Huazhu Group has a 52-week low of $24.90 and a 52-week high of $49.60. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 123.00, a price-to-earnings-growth ratio of 1.83 and a beta of 1.58.

Huazhu Group (NASDAQ:HTHT) last released its earnings results on Thursday, March 14th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Huazhu Group had a net margin of 7.16% and a return on equity of 15.82%. During the same quarter last year, the firm posted $3.55 EPS. On average, equities research analysts predict that Huazhu Group will post 1.11 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its stake in shares of Huazhu Group by 533.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $28,000 after purchasing an additional 822 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in Huazhu Group by 50.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,538 shares of the company’s stock valued at $44,000 after acquiring an additional 514 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in Huazhu Group during the fourth quarter valued at approximately $63,000. IFP Advisors Inc lifted its position in Huazhu Group by 10.9% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the company’s stock valued at $100,000 after acquiring an additional 324 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in Huazhu Group during the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 44.03% 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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