Goldman Sachs Group Downgrades Huazhu Group (NASDAQ:HTHT) to Neutral

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Goldman Sachs Group downgraded shares of Huazhu Group (NASDAQ:HTHT) from a buy rating to a neutral rating in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. They currently have $40.00 target price on the stock, down from their prior target price of $43.00.

A number of other analysts have also issued reports on the company. TheStreet upgraded Huazhu Group from a c rating to a b- rating in a research note on Friday, August 23rd. HSBC lowered Huazhu Group from a buy rating to a hold rating in a research note on Wednesday, July 17th. Benchmark reiterated a buy rating and set a $35.00 price objective (down from $40.00) on shares of Huazhu Group in a research note on Thursday, August 22nd. Zacks Investment Research lowered Huazhu Group from a buy rating to a hold rating in a research note on Wednesday, August 28th. Finally, Bank of America decreased their price objective on Huazhu Group from $42.20 to $38.50 and set a buy rating on the stock in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $37.21.

Shares of HTHT opened at $36.14 on Friday. The firm has a market cap of $11.03 billion, a PE ratio of 100.39, a PEG ratio of 3.77 and a beta of 1.79. The stock’s fifty day moving average price is $33.10 and its two-hundred day moving average price is $35.84. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.53 and a quick ratio of 0.52. Huazhu Group has a 1 year low of $24.90 and a 1 year high of $45.39.

Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 earnings per share. Sell-side analysts anticipate that Huazhu Group will post 0.81 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its stake in Huazhu Group by 3.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,908 shares of the company’s stock worth $359,000 after acquiring an additional 330 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Huazhu Group by 0.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 61,200 shares of the company’s stock worth $2,579,000 after acquiring an additional 400 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in Huazhu Group by 5.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 21,300 shares of the company’s stock worth $898,000 after acquiring an additional 1,100 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Huazhu Group by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 196,367 shares of the company’s stock worth $7,118,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Huazhu Group by 10.3% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,748 shares of the company’s stock worth $716,000 after acquiring an additional 1,841 shares during the last quarter. Institutional investors own 47.53% of the company’s stock.

About Huazhu Group

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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