H World Group (NASDAQ:HTHT) Coverage Initiated by Analysts at CLSA

Investment analysts at CLSA initiated coverage on shares of H World Group (NASDAQ:HTHT) in a research note issued on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $47.00 price target on the stock. CLSA’s target price suggests a potential upside of 18.27% from the company’s current price.

HTHT has been the subject of several other research reports. Macquarie initiated coverage on H World Group in a research report on Friday, April 19th. They issued an “outperform” rating and a $48.00 price objective for the company. Bank of America lowered their price target on shares of H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. JPMorgan Chase & Co. increased their price target on shares of H World Group from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, Benchmark restated a “buy” rating and issued a $64.00 price objective on shares of H World Group in a research report on Friday, March 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, H World Group currently has an average rating of “Moderate Buy” and a consensus price target of $49.40.

H World Group Stock Up 1.5 %

Shares of NASDAQ HTHT opened at $39.74 on Friday. The stock has a market capitalization of $12.98 billion, a P/E ratio of 22.58, a PEG ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. H World Group has a one year low of $30.20 and a one year high of $48.84. The firm’s 50 day simple moving average is $37.93 and its two-hundred day simple moving average is $35.68.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. H World Group had a net margin of 18.62% and a return on equity of 31.50%. The business had revenue of $786.00 million during the quarter, compared to the consensus estimate of $759.99 million. As a group, analysts expect that H World Group will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HTHT. Blue Trust Inc. grew its stake in H World Group by 48.6% in the fourth quarter. Blue Trust Inc. now owns 3,386 shares of the company’s stock worth $113,000 after purchasing an additional 1,108 shares during the period. AdvisorShares Investments LLC bought a new position in shares of H World Group in the 4th quarter worth about $177,000. Greenleaf Trust purchased a new position in H World Group during the 3rd quarter valued at about $228,000. NewEdge Wealth LLC bought a new stake in H World Group during the fourth quarter worth about $221,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in H World Group in the fourth quarter worth about $221,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.