Hyatt Hotels Corp. Sets New 52-Week High at $53.63 (H)
Hyatt Hotels Corp. (NYSE:H) hit a new 52-week high during trading on Friday , American Banking News.com reports. The company traded as high as $53.63 and last traded at $52.72, with a volume of 966,780 shares trading hands. The stock had previously closed at $49.39.
A number of analysts have recently weighed in on H shares. Analysts at Zacks downgraded shares of Hyatt Hotels Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $52.60 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Hyatt Hotels Corp. from $55.00 to $61.00 in a research note on Wednesday, December 18th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.20.
The stock has a 50-day moving average of $49.00 and a 200-day moving average of $46.74. The company has a market cap of $8.274 billion and a price-to-earnings ratio of 41.68.
Hyatt Hotels Corp. (NYSE:H) last announced its earnings results on Friday, February 14th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 9.1% 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.
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