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Huazhu Group (HTHT) Receives a Buy from Bank of America Securities

Bank of America Securities analyst Billy Ng maintained a Buy rating on Huazhu Group (HTHTResearch Report) today and set a price target of $51.00. The company’s shares closed last Tuesday at $33.25.

Ng has an average return of 25.7% when recommending Huazhu Group.

According to TipRanks.com, Ng is ranked #4198 out of 7918 analysts.

Huazhu Group has an analyst consensus of Strong Buy, with a price target consensus of $46.50, implying a 35.7% upside from current levels. In a report issued on March 24, Credit Suisse also upgraded the stock to Buy.

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Based on Huazhu Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.35 billion and GAAP net loss of $459 million. In comparison, last year the company earned revenue of $3.07 billion and had a net profit of $703 million.

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Huazhu Group Ltd. engages in the hotel operation business in China. It offers four hotel brands that are designed to target distinct segments of customers, which include JI Hotel, Elan Hotel, Joya Hotel, Starway Hotel, HanTing Hotel, Hi Inn, and Manxin Hotels & Resorts. The company was founded by Ji Qi, Wu Jiong, and Zhao Tong Tong on January 4, 2007 and is headquartered in Shanghai, China.

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