A number of other brokerages have also recently commented on HTHT. ValuEngine upgraded shares of Zumiez from a sell rating to a hold rating in a research report on Saturday, June 22nd. TheStreet lowered shares of Zimmer Biomet from a b- rating to a c rating in a report on Friday, June 7th. HSBC lowered shares of Huazhu Group from a buy rating to a hold rating in a report on Wednesday, July 17th. Daiwa Capital Markets lowered shares of Huazhu Group from an outperform rating to an underperform rating in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Weight Watchers International from $12.00 to $14.00 and gave the stock an underweight rating in a report on Tuesday, April 30th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $39.00.
Huazhu Group stock opened at $32.42 on Friday. Huazhu Group has a twelve month low of $24.90 and a twelve month high of $45.39. The company’s 50 day moving average is $33.54. The company has a market cap of $9.52 billion, a P/E ratio of 90.06, a P/E/G ratio of 3.02 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 (NASDAQ:HTHT) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.12). Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business posted $3.85 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts expect that Huazhu Group will post 0.85 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in HTHT. JPMorgan Chase & Co. boosted its stake in shares of Huazhu Group by 1,119.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock valued at $313,216,000 after purchasing an additional 6,823,167 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Huazhu Group by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 29,679,530 shares of the company’s stock valued at $1,250,695,000 after purchasing an additional 1,852,392 shares in the last quarter. FMR LLC boosted its stake in shares of Huazhu Group by 785.6% during the 4th quarter. FMR LLC now owns 1,568,442 shares of the company’s stock valued at $44,905,000 after purchasing an additional 1,391,341 shares in the last quarter. Norges Bank bought a new stake in shares of Huazhu Group during the 4th quarter valued at about $31,124,000. Finally, Bank of Montreal Can boosted its stake in shares of Huazhu Group by 877.4% during the 1st quarter. Bank of Montreal Can now owns 1,205,670 shares of the company’s stock valued at $50,806,000 after purchasing an additional 1,082,319 shares in the last quarter. 44.82% of the stock is currently owned by hedge funds and other institutional investors.
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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