China Lodging Group Ltd (ADR) (HTHT) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 17, 2016.
On the company’s financial health, China Lodging Group Ltd (ADR) reported $4.67 EPS for the quarter, beating the analyst consensus estimate by $ 1.94 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $2.73. The company had revenue of $1656.90 million for the quarter, compared to analysts expectations of $1645.15 million. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.59 EPS.
China Lodging Group Ltd (ADR) opened for trading at $39.03 and hit $42.97 on the upside on Monday, eventually ending the session at $42.88, with a gain of 10.46% or 4.06 points. The heightened volatility saw the trading volume jump to 5,41,264 shares. Company has a market cap of $2,689 M.
China Lodging Group Limited is engaged in the business of operating and managing a multi-brand hotel group. The Company operates leased manachised and franchised hotel 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 on-site 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 Company offers around seven hotel brands that focus on various segments of customers: Joya Hotel Manxin Hotels & Resorts JI Hotel Starway Hotel Elan Hotel HanTing Hotel and Hi Inn. The Company has around 611 leased hotels 1376 manachised hotels and eight franchised hotels in operation and around 29 leased hotels and 644 manachised hotels under development.