H World Group (NASDAQ:HTHT) Stock Rating Lowered by Hsbc Global Res

H World Group (NASDAQ:HTHT) was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Benchmark decreased their price target on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price for the company. in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.40.

H World Group Trading Up 2.5 %

Shares of HTHT opened at $31.50 on Tuesday. The company’s fifty day simple moving average is $32.58 and its 200-day simple moving average is $33.11. The company has a market cap of $9.87 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.11 and a beta of 0.70. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. H World Group has a twelve month low of $27.03 and a twelve month high of $42.98.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). H World Group had a net margin of 15.97% and a return on equity of 30.41%. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, analysts expect that H World Group will post 1.65 EPS for the current year.

Institutional Investors Weigh In On H World Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after buying an additional 845 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new position in H World Group during the 4th quarter valued at about $1,597,000. Bank of New York Mellon Corp raised its holdings in shares of H World Group by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 203,418 shares of the company’s stock valued at $6,719,000 after purchasing an additional 6,477 shares in the last quarter. Waverton Investment Management Ltd purchased a new stake in shares of H World Group in the 4th quarter worth approximately $6,076,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of H World Group by 3.8% during the fourth quarter. Handelsbanken Fonder AB now owns 69,576 shares of the company’s stock valued at $2,298,000 after purchasing an additional 2,572 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels 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.