Huazhu Group (NASDAQ:HTHT) Lowered to Neutral at Credit Suisse Group

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Huazhu Group (NASDAQ:HTHT) was downgraded by research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report released on Wednesday, Marketbeat Ratings reports.

HTHT has been the topic of a number of other research reports. TheStreet downgraded Zimmer Biomet from a “b-” rating to a “c” rating in a research report on Friday, June 7th. China Renaissance Securities initiated coverage on GreenTree Hospitality Group in a research report on Monday, May 6th. They issued a “buy” rating and a $18.40 target price on the stock. JPMorgan Chase & Co. upped their target price on Weight Watchers International from $12.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, April 30th. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, Daiwa Capital Markets downgraded Huazhu Group from an “outperform” rating to an “underperform” rating in a research report on Monday, May 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.00.

NASDAQ HTHT traded up $0.80 during trading on Wednesday, reaching $32.27. 3,414 shares of the company’s stock were exchanged, compared to its average volume of 1,173,673. The firm’s 50 day simple moving average is $33.52. The firm has a market capitalization of $9.36 billion, a PE ratio of 89.33, a P/E/G ratio of 2.97 and a beta of 1.79. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.09. Huazhu Group has a fifty-two week low of $24.90 and a fifty-two week high of $45.39.

Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. Huazhu Group’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $3.85 EPS. On average, analysts forecast that Huazhu Group will post 0.85 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pictet Asset Management Ltd. increased its holdings in Huazhu Group by 1.5% in the first quarter. Pictet Asset Management Ltd. now owns 197,700 shares of the company’s stock valued at $8,331,000 after purchasing an additional 2,900 shares during the period. Deutsche Bank AG lifted its holdings in shares of Huazhu Group by 34.4% during the 4th quarter. Deutsche Bank AG now owns 538,718 shares of the company’s stock worth $15,420,000 after acquiring an additional 137,758 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Huazhu Group by 4.1% during the 4th quarter. BlackRock Inc. now owns 5,985,269 shares of the company’s stock worth $171,357,000 after acquiring an additional 234,644 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Huazhu Group by 27.3% during the 4th quarter. Legal & General Group Plc now owns 725,489 shares of the company’s stock worth $20,771,000 after acquiring an additional 155,371 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Huazhu Group by 0.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 829,600 shares of the company’s stock worth $34,960,000 after purchasing an additional 3,100 shares during the last quarter. Institutional investors own 44.82% 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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