Hyatt Hotels Corp. Hits New 52-Week High at $47.49 (H)
Shares of Hyatt Hotels Corp. (NYSE:H) hit a new 52-week high on Friday, American Banking News.com reports. The company traded as high as $47.49 and last traded at $47.15, with a volume of 249,067 shares trading hands. The stock had previously closed at $46.76.
A number of research firms have recently commented on H. Analysts at ISI Group upgraded shares of Hyatt Hotels Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $50.00 price target on the stock. Separately, analysts at McLean Capital Management downgraded shares of Hyatt Hotels Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 11th. Finally, analysts at TheStreet upgraded shares of Hyatt Hotels Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Hyatt Hotels Corp. presently has a consensus rating of “Hold” and an average target price of $46.57.
Hyatt Hotels Corp. has a 1-year low of $33.73 and a 1-year high of $47.01. The stock’s 50-day moving average is $44.65 and its 200-day moving average is $42.25. The company has a market cap of $7.391 billion and a P/E ratio of 48.01.
Hyatt Hotels Corp. (NYSE:H) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.13. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Hyatt Hotels Corp. will post $0.92 earnings per share for the current fiscal year.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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