Hyatt Hotels Corp. Given New $59.00 Price Target at Deutsche Bank (H)
Research analysts at Deutsche Bank hoisted their price objective on shares of Hyatt Hotels Corp. (NYSE:H) from $53.00 to $59.00 in a report released on Monday, American Banking News.com reports. Deutsche Bank’s target price indicates a potential upside of 11.64% from the stock’s previous close.
Shares of Hyatt Hotels Corp. (NYSE:H) opened at 52.85 on Monday. Hyatt Hotels Corp. has a 52 week low of $37.74 and a 52 week high of $53.63. The stock has a 50-day moving average of $49.09 and a 200-day moving average of $46.82. The company has a price-to-earnings ratio of 37.99.
Hyatt Hotels Corp. (NYSE:H) last released its earnings data on Friday, February 14th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.20 earnings per share. Hyatt Hotels Corp.’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Hyatt Hotels Corp. will post $1.12 EPS for the current fiscal year.
A number of other firms have also recently commented on H. Analysts at Zacks downgraded shares of Hyatt Hotels Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, February 10th. 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $51.30.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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.