Atour Lifestyle (NASDAQ:ATAT) Now Covered by Daiwa Capital Markets

Posted by on Jul 22nd, 2023

Equities research analysts at Daiwa Capital Markets assumed coverage on shares of Atour Lifestyle (NASDAQ:ATAT – Get Free Report) in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $24.00 price target on the stock. Daiwa Capital Markets’ price objective would indicate a potential upside of 28.96% from the company’s current price.

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $18.61 on Thursday. The firm has a 50 day moving average price of $17.51 and a two-hundred day moving average price of $21.59. Atour Lifestyle has a 12-month low of $11.02 and a 12-month high of $29.40.

Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last released its quarterly earnings results on Thursday, May 18th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $112.69 million during the quarter. As a group, equities analysts anticipate that Atour Lifestyle will post 0.87 EPS for the current year.

Institutional Trading of Atour Lifestyle

A number of hedge funds and other institutional investors have recently modified their holdings of ATAT. EverSource Wealth Advisors LLC acquired a new position in shares of Atour Lifestyle during the first quarter worth $55,000. Point72 Asset Management L.P. bought a new stake in Atour Lifestyle during the fourth quarter valued at $85,000. Geode Capital Management LLC bought a new stake in Atour Lifestyle during the first quarter valued at $212,000. Morgan Stanley bought a new stake in Atour Lifestyle during the fourth quarter valued at $294,000. Finally, Penserra Capital Management LLC bought a new stake in Atour Lifestyle during the first quarter valued at $430,000. Institutional investors own 2.51% of the company’s stock.

Atour Lifestyle Company Profile

(Get Free Report)

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.

Further Reading

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