JPMorgan Chase & Co. Raises H World Group (NASDAQ:HTHT) Price Target to $48.00

H World Group (NASDAQ:HTHT) had its price target boosted by JPMorgan Chase & Co. from $45.00 to $48.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages also recently commented on HTHT. Benchmark reaffirmed a buy rating and issued a $64.00 target price on shares of H World Group in a research note on Friday, March 22nd. CLSA assumed coverage on H World Group in a research note on Friday, April 26th. They set a buy rating and a $47.00 price objective on the stock. Macquarie initiated coverage on H World Group in a research note on Friday, April 19th. They issued an outperform rating and a $48.00 target price for the company. Finally, Bank of America dropped their price target on H World Group from $51.00 to $43.00 and set a buy rating on the stock in a research report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $50.00.

H World Group Trading Down 2.4 %

Shares of NASDAQ HTHT opened at $36.05 on Tuesday. H World Group has a fifty-two week low of $30.20 and a fifty-two week high of $48.84. The firm has a market capitalization of $11.77 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.70 and a quick ratio of 0.69. The company’s 50 day simple moving average is $39.17 and its 200 day simple moving average is $36.18.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. H World Group had a return on equity of 28.59% and a net margin of 16.47%. The business had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $759.99 million. On average, analysts predict that H World Group will post 2 EPS for the current year.

Institutional Investors Weigh In On H World Group

Several institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group raised its holdings in shares of H World Group by 6.8% in the fourth quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company’s stock valued at $548,080,000 after purchasing an additional 1,039,888 shares during the last quarter. Vanguard Group Inc. lifted its position in H World Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,432,587 shares of the company’s stock worth $281,986,000 after buying an additional 27,629 shares in the last quarter. Capital International Investors boosted its stake in shares of H World Group by 192.4% during the 1st quarter. Capital International Investors now owns 5,689,620 shares of the company’s stock worth $220,188,000 after buying an additional 3,744,106 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of H World Group by 20.7% in the 4th quarter. Federated Hermes Inc. now owns 2,229,079 shares of the company’s stock valued at $74,540,000 after acquiring an additional 382,538 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of H World Group by 6.0% in the third quarter. American Century Companies Inc. now owns 2,057,059 shares of the company’s stock valued at $81,110,000 after acquiring an additional 116,641 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

About H World Group

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.