Shares of Huazhu Group Limited (NASDAQ:HTHT) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $62.42.
HTHT has been the subject of several recent research reports. UBS Group started coverage on Huazhu Group in a research note on Friday, September 24th. They issued a “buy” rating and a $63.00 price objective for the company. Jefferies Financial Group assumed coverage on Huazhu Group in a research report on Tuesday, September 7th. They issued a “buy” rating and a $59.00 price target on the stock. TheStreet upgraded shares of Huazhu Group from a “d+” rating to a “c” rating in a research report on Wednesday, August 25th. Finally, Zacks Investment Research cut Huazhu Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 31st.
Huazhu Group stock traded down $2.61 during midday trading on Thursday, hitting $44.38. 2,437,360 shares of the company’s stock were exchanged, compared to its average volume of 1,343,963. The company has a market cap of $14.50 billion, a PE ratio of 158.50 and a beta of 1.51. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.07 and a current ratio of 1.08. Huazhu Group has a 12 month low of $39.01 and a 12 month high of $64.53. The firm has a 50-day moving average of $47.39 and a two-hundred day moving average of $49.70.
Several hedge funds and other institutional investors have recently modified their holdings of HTHT. Invesco Ltd. lifted its stake in shares of Huazhu Group by 2.6% during the 3rd quarter. Invesco Ltd. now owns 33,915,896 shares of the company’s stock worth $1,555,383,000 after purchasing an additional 843,394 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in 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 increased its position in Huazhu Group by 128.1% during the first quarter. Schroder Investment Management Group now owns 8,638,253 shares of the company’s stock worth $474,240,000 after purchasing an additional 4,851,643 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Huazhu Group by 9.9% in the 2nd 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 last quarter. Finally, BlackRock Inc. grew its stake in shares of Huazhu Group by 7.9% during the 2nd quarter. BlackRock Inc. now owns 7,250,400 shares of the company’s stock valued at $382,894,000 after buying an additional 532,396 shares during the period. Institutional investors and hedge funds own 44.13% of the company’s stock.
Huazhu Group Company Profile
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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