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Citi Maintains H World Group(HTHT.US) With Buy Rating, Cuts Target Price to $48

Moomoo News ·  Nov 28, 2024 19:32  · Ratings

Citi analyst Lydia Ling maintains $H World Group (HTHT.US)$ with a buy rating, and adjusts the target price from $54 to $48.

According to TipRanks data, the analyst has a success rate of 46.7% and a total average return of 3.0% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $H World Group (HTHT.US)$'s main analysts recently are as follows:

  • The company's Q3 revenue fell short of expectations owing to an increase in store closures while transitioning to an asset-light model. Although management indicates that the decline in room revenue is lessening, ongoing weakness in business travel demand continues to exert pressure.

  • The decline of 6% in the stock price following Q3 results is linked to the guidance for Q4 revenue growth, which was somewhat below expectations. The forecast for 2025 EBITDA has been adjusted downwards by 3% to RMB 7.5 billion, reflecting a greater than anticipated number of L&O hotel closures. However, the analyst continues to commend the company's 'best-in-class execution' and the potential for market share gains.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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