Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) – What Are Analysts Saying About This Stock?

by · The Markets Daily

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $46.62.

A number of brokerages have recently weighed in on ATAT. Wall Street Zen raised shares of Atour Lifestyle from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Zacks Research cut shares of Atour Lifestyle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. HSBC assumed coverage on Atour Lifestyle in a research note on Wednesday, October 7th. They set a “buy” rating and a $39.70 price objective on the stock. Finally, Weiss Ratings upgraded Atour Lifestyle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th.

Read Our Latest Analysis on Atour Lifestyle

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT opened at $35.91 on Tuesday. The company’s 50 day simple moving average is $33.01 and its 200 day simple moving average is $35.00. Atour Lifestyle has a fifty-two week low of $30.07 and a fifty-two week high of $43.17. The firm has a market capitalization of $4.94 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.00 and a beta of 0.66.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last released its earnings results on Thursday, August 20th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $513.74 million during the quarter, compared to analyst estimates of $484.56 million. Atour Lifestyle had a net margin of 16.75% and a return on equity of 55.00%. Sell-side analysts expect that Atour Lifestyle will post 2.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently made changes to their positions in ATAT. Mawer Investment Management Ltd. lifted its position in shares of Atour Lifestyle by 30.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 979,808 shares of the company’s stock worth $31,961,000 after buying an additional 227,550 shares during the last quarter. Matthews International Capital Management LLC grew its position in Atour Lifestyle by 43.0% in the third quarter. Matthews International Capital Management LLC now owns 501,442 shares of the company’s stock valued at $16,357,000 after acquiring an additional 150,826 shares during the last quarter. Van Berkom & Associates Inc. grew its position in Atour Lifestyle by 0.8% in the third quarter. Van Berkom & Associates Inc. now owns 88,154 shares of the company’s stock valued at $2,876,000 after acquiring an additional 692 shares during the last quarter. M&G PLC grew its position in Atour Lifestyle by 18.7% in the third quarter. M&G PLC now owns 5,421,761 shares of the company’s stock valued at $178,918,000 after acquiring an additional 854,637 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Atour Lifestyle by 4,087.8% during the third quarter. Parallel Advisors LLC now owns 1,717 shares of the company’s stock worth $56,000 after acquiring an additional 1,676 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

(Get Free Report)

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a China-based hospitality and lifestyle company that operates a network of hotel brands and related businesses. Founded in 2013 and headquartered in Shanghai, the company focuses primarily on midscale and upscale hotels in China, serving business and leisure travelers through a combination of directly operated, franchised and managed properties.

Atour’s portfolio includes its flagship Atour brand as well as other hotel concepts designed for different customer segments and travel occasions, including Atour S, Atour X and Light.

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