Shares of China Lodging Group Ltd. (NASDAQ:HTHT) have been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the stock. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.19.
Several analysts have issued reports on the stock. 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 research report on Tuesday, September 20th. Brean Capital upped their price target on shares of China Lodging Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Morgan Stanley lowered shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $36.20 to $40.00 in a research report on Wednesday, August 17th.
Several institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in China Lodging Group during the second quarter valued at approximately $107,000. Invictus RG acquired a new position in China Lodging Group during the first quarter valued at approximately $129,000. Royal Bank of Canada increased its position in China Lodging Group by 3,688.4% in the second quarter. Royal Bank of Canada now owns 6,554 shares of the company’s stock valued at $239,000 after buying an additional 6,381 shares during the period. Bank of Montreal Can acquired a new position in China Lodging Group during the second quarter valued at approximately $247,000. Finally, 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 during the period. Institutional investors and hedge funds own 37.58% of the company’s stock.
China Lodging Group (NASDAQ:HTHT) opened at 44.58 on Monday. The company has a market capitalization of $3.08 billion, a P/E ratio of 29.52 and a beta of 1.32. The company’s 50-day moving average is $45.51 and its 200 day moving average is $39.00. China Lodging Group has a one year low of $25.42 and a one year high of $47.72.
China Lodging Group (NASDAQ:HTHT) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $248.76 million. During the same period in the prior year, the firm posted $2.59 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts predict that China Lodging Group will post $1.55 EPS for the current year.
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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