Hyatt Hotels Corp. Stock Rating Upgraded by Nomura (H)
Hyatt Hotels Corp. (NYSE:H) was upgraded by investment analysts at Nomura from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
The analysts wrote, “Hyatt’s stock is up 28% in 2013, compared with the S&P 500 gaming lodging and leisure index’s performance of +20%. We believe it will increase to $59 over the next 12 months, and to $64 when 2015 estimates are used, offering upside of another 26%, and 37%. We are lifting our 2014/2015 RevPAR estimates modestly to 6% globally from 5.6% to reflect our view that international demand will improve versus 2013. Our EBITDA expectations are essentially in line with the street, although if we are correct about 6% RevPAR, then our margin growth assumption of 120bp for 2014 could have upside. Our Investment Themes are: High operating leverage to a lodging recovery; Recent upgrade of H owned portfolio; Commitment to a strong balance sheet; Over $3/Share of free cash flow, increasing nearly 20%/year. Our $59 target indicates one of the highest potential returns in lodging.”
In other Hyatt Hotels Corp. news, Insider Robert W.K. Webb sold 4,000 shares of the company’s stock on the open market in a transaction dated Monday, December 9th. The stock was sold at an average price of $47.19, for a total value of $188,760.00. Following the completion of the transaction, the insider now directly owns 25,137 shares of the company’s stock, valued at approximately $1,186,215. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hyatt Hotels Corp. (NYSE:H) opened at 46.83 on Monday. Hyatt Hotels Corp. has a 52-week low of $36.60 and a 52-week high of $49.44. The stock’s 50-day moving average is $47.85 and its 200-day moving average is $44.35. The company has a market cap of $7.332 billion and a P/E ratio of 39.52.
Hyatt Hotels Corp. (NYSE:H) last released its earnings data on Wednesday, October 30th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Hyatt Hotels Corp. will post $0.94 EPS for the current fiscal year.
H has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Hyatt Hotels Corp. from $41.00 to $46.00 in a research note to investors on Thursday, October 31st. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Hyatt Hotels Corp. from $49.00 to $53.00 in a research note to investors on Thursday, October 31st. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Hyatt Hotels Corp. from $49.00 to $53.00 in a research note to investors on Thursday, October 31st. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.82.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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