The stock of China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) reached all time high today, Nov, 14 and still has $72.41 target or 52.00% above today’s $47.64 share price. This indicates more upside for the $3.34B company. This technical setup was reported by Barchart.com. If the $72.41 PT is reached, the company will be worth $1.74B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 192,090 shares traded hands or 46.24% up from the average. China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) has risen 23.56% since April 12, 2016 and is uptrending. It has outperformed by 18.58% the S&P500.
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. Deutsche Bank upgraded the shares of HTHT in a report on Wednesday, November 11 to “Hold” rating. The firm earned “Buy” rating on Thursday, October 8 by Goldman Sachs. The rating was downgraded by Zacks on Thursday, August 20 to “Hold”. TH Capital upgraded the stock to “Buy” rating in Monday, November 9 report. As per Wednesday, October 14, the company rating was upgraded by Credit Suisse. The firm has “Buy” rating given on Wednesday, August 17 by Brean Capital. The firm earned “Neutral” rating on Wednesday, August 19 by Credit Suisse. The firm has “Outperform” rating given on Thursday, November 12 by Macquarie Research. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Wednesday, August 17.
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 news for China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) were recently published by: Marketwatch.com, which released: “China Lodging Group Ltd. ADR” on October 08, 2010. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.