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Why China Lodging Group (HTHT) Could Be Positioned for a Surge

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China Lodging Group, Limited (HTHT - Free Report) is an economy hotel chain operator in China that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HTHT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that China Lodging Group could be a solid choice for investors.

Current Quarter Estimates for HTHT

In the past 30 days, 1 estimate has gone higher for China Lodging Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 13 cents a share 30 days ago, to 20 cents today, a move of 53.8%.

Current Year Estimates for HTHT

Meanwhile, China Lodging Group’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.79 per share 30 days ago to $2.03per share today, an increase of 13.4%.

Bottom Line

The stock has also started to move higher lately, adding 6.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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