H World Group Limited Sponsored ADR (NASDAQ:HTHT) has garnered a consensus recommendation of “Buy” from analysts covering the stock. According to MarketBeat Ratings, the assessment comes from seven brokerages, with four recommending a buy, two suggesting a strong buy, and one issuing a hold recommendation. This positive outlook reflects confidence in the company’s prospects within the hospitality sector.
The average one-year price target for H World Group among these analysts stands at approximately $42.13. Recent reports from various equities research analysts provide a clearer picture of the shifts in recommendations. On October 27, 2023, HSBC upgraded H World Group from a “hold” to a “buy” rating. Conversely, Wall Street Zen downgraded the stock from a “buy” to a “hold” on November 22, 2023. Additionally, Benchmark raised its price target for the shares from $48.00 to $52.00, maintaining a “buy” rating as of November 18, 2023.
Moreover, HSBC Global Research elevated its rating to “strong buy” on the same day it made its initial upgrade. Zacks Research also followed suit, changing its rating from “hold” to “strong buy” on November 7, 2023. This flurry of activity indicates a robust level of engagement from analysts regarding H World Group’s potential.
Shares of H World Group opened at $47.90 on Monday, reflecting a 1.5% increase. The company’s stock performance is noteworthy, with a 50-day moving average of $41.43 and a 200-day moving average of $37.12. The firm maintains a healthy financial profile, evidenced by a debt-to-equity ratio of 0.32, and current and quick ratios of 0.85 and 0.84, respectively. Over the past year, the stock has fluctuated significantly, with a low of $30.13 and a high of $47.97.
With a market capitalization of $14.75 billion, H World Group displays a price-to-earnings (PE) ratio of 27.53 and a price-to-earnings-growth (PEG) ratio of 1.35. The company’s beta value of 0.12 indicates low volatility compared to the market, further solidifying its appeal to investors.
H World Group operates a diverse portfolio of hotels across the People’s Republic of China, including well-known brands such as HanTing Hotel, Ni Hao Hotel, and Ibis Hotel, among others. This extensive brand range positions the company favorably in the competitive hospitality market.
As analysts continue to monitor H World Group’s performance and market conditions, their recommendations suggest a positive trajectory for the company, making it an appealing option for investors seeking growth in the hospitality sector.
