China Lodging Group (NASDAQ:HTHT) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, December 22nd.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of China Lodging Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Benchmark upped their target price on shares of China Lodging Group from $128.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $99.00.
China Lodging Group (NASDAQ:HTHT) traded up $2.80 during trading hours on Friday, reaching $155.04. 375,664 shares of the company traded hands, compared to its average volume of 755,638. China Lodging Group has a 1-year low of $48.09 and a 1-year high of $159.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.41 and a quick ratio of 1.40. The company has a market capitalization of $10,790.00, a price-to-earnings ratio of 63.80 and a beta of 1.52.
China Lodging Group (NASDAQ:HTHT) last posted its quarterly earnings data on Tuesday, November 28th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.97 by $0.01. China Lodging Group had a net margin of 14.95% and a return on equity of 19.55%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $4.28 earnings per share. China Lodging Group’s quarterly revenue was up 33.8% on a year-over-year basis. analysts anticipate that China Lodging Group will post 3.19 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in shares of China Lodging Group by 216.6% during the second quarter. Advisor Group Inc. now owns 1,298 shares of the company’s stock valued at $101,000 after purchasing an additional 888 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of China Lodging Group during the third quarter valued at approximately $115,000. Evanston Investments Inc. dba Evanston Advisors purchased a new position in shares of China Lodging Group during the second quarter valued at approximately $218,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of China Lodging Group during the third quarter valued at approximately $219,000. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of China Lodging Group during the third quarter valued at approximately $225,000. 37.18% of the stock is owned by hedge funds and other institutional investors.
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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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