Price Action to Note: China Lodging Group, Ltd (ADR) Increases Again; Strong Momentum for Buyers

Price Action to Note: China Lodging Group, Ltd (ADR) Increases Again; Strong Momentum for Buyers

The stock of China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) is a huge mover today! The stock increased 6.85% or $2.91 on November 7, hitting $45.41. About 176,131 shares traded hands or 42.14% up from the average. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) has risen 16.57% since April 5, 2016 and is uptrending. It has outperformed by 14.61% the S&P500.
The move comes after 6 months positive chart setup for the $3.14B company. It was reported on Nov, 7 by Barchart.com. We have $63.57 PT which if reached, will make NASDAQ:HTHT worth $1.26B more.

Analysts await China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) to report earnings on November, 8. They expect $0.51 EPS, down 7.27% or $0.04 from last year’s $0.55 per share. HTHT’s profit will be $35.27 million for 22.26 P/E if the $0.51 EPS becomes a reality. After $0.67 actual EPS reported by China Lodging Group, Ltd (ADR) for the previous quarter, Wall Street now forecasts -23.88% negative EPS growth.

China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) Ratings Coverage

Out of 7 analysts covering China Lodging (NASDAQ:HTHT), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. China Lodging has been the topic of 11 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) earned “Buy” rating by Goldman Sachs on Thursday, October 8. The stock has “Hold” rating given by Zacks on Thursday, August 20. Credit Suisse upgraded China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) rating on Wednesday, August 19. Credit Suisse has “Neutral” rating and $25.20 price target. Credit Suisse upgraded the shares of HTHT in a report on Wednesday, October 14 to “Outperform” rating. The company was maintained on Wednesday, August 17 by Brean Capital. The firm has “Hold” rating given on Wednesday, November 11 by Deutsche Bank. The rating was maintained by Macquarie Research on Thursday, November 12 with “Outperform”. The firm earned “Equal-Weight” rating on Wednesday, August 17 by Morgan Stanley. The firm has “Buy” rating by TH Capital given on Monday, November 9.

According to Zacks Investment Research, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China.”

More recent China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) news were published by: Marketwatch.com which released: “China Lodging Group Ltd. ADR” on October 08, 2010. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s news article titled: “The Positive And Negative For China Lodging Group” with publication date: June 06, 2016 was also an interesting one.

HTHT Company Profile

China Lodging Group, Limited, incorporated on January 4, 2007, is a holding company. The Firm 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 onsite hotel managers the Company appoints and collects fees from franchisees. Under the franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees. The Firm has approximately 620 leased hotels; over 2,070 manachised hotels and approximately 80 franchised hotels in operation and over 20 leased hotels and approximately 660 manachised and franchised hotels under development. The Firm offers approximately seven hotel brands that focus on various divisions of customers: Joya Hotel, Manxin Hotels & Resorts, JI Hotel, Starway Hotel, Elan Hotel, HanTing Hotel and Hi Inn.

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