Hyatt Hotels Corp. Upgraded to Outperform by Zacks (H)
Hyatt Hotels Corp. (NYSE:H) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, AnalystRatings.Net reports. The firm currently has a $52.60 price objective on the stock. Zacks‘ target price would suggest a potential upside of 5.94% from the company’s current price.
A number of other firms have also recently commented on H. Analysts at MKM Partners raised their price target on shares of Hyatt Hotels Corp. from $55.00 to $61.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Separately, analysts at Nomura upgraded shares of Hyatt Hotels Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $59.00 price target on the stock, up previously from $47.00. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Hyatt Hotels Corp. currently has a consensus rating of “Hold” and an average price target of $50.20.
Hyatt Hotels Corp. (NYSE:H) traded up 0.40% on Tuesday, hitting $49.65. 427,972 shares of the company’s stock traded hands. Hyatt Hotels Corp. has a 52 week low of $37.74 and a 52 week high of $50.43. The stock has a 50-day moving average of $48.41 and a 200-day moving average of $45.32. The company has a market cap of $7.773 billion and a P/E ratio of 41.73.
Hyatt Hotels Corp. (NYSE:H) last released its earnings data on Wednesday, October 30th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that Hyatt Hotels Corp. will post $0.95 earnings per share for the current fiscal year.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.