Hyatt Hotels Given “Hold” Rating at Citigroup Inc. (H)
Hyatt Hotels (NYSE:H)‘s stock had its “hold” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. They currently have a $62.00 target price on the stock, up from their previous target price of $55.00. Citigroup Inc.’s price objective would indicate a potential upside of 19.09% from the stock’s previous close.
The analysts wrote, “while we agree that the stock should trade at a discount to MAR and HOT given the super majority voting structure, lower liquidity in the stock, and no dividend, the over 6% pullback in the shares recently makes for a good entry point.” FBR also stated that, in its view shareholders of Hyatt International should expect to see share buybacks over the next couple of years. Hyatt expects to generate approximately 1.2 billion of free cash flow between 2014 and 2016, representing a 13 percent FCF yield based on the current share price. To end the report FBR stated, “while the company may under/over shoot our, and consensus, forward quarterly expectations given that it does not provide guidance, we believe H shares are suited for investors with a longer-term horizon based on our aforementioned reasons.”
Shares of Hyatt Hotels (NYSE:H) traded up 2.29% on Monday, hitting $53.25. 491,013 shares of the company’s stock traded hands. Hyatt Hotels has a 52-week low of $37.74 and a 52-week high of $55.59. The stock’s 50-day moving average is $53. and its 200-day moving average is $49.18. The company has a market cap of $8.302 billion and a price-to-earnings ratio of 40.05.
Hyatt Hotels (NYSE:H) last announced its earnings results on Friday, February 14th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Hyatt Hotels will post $1.07 earnings per share 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 from $55.00 to $62.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Bank of America raised their price target on shares of Hyatt Hotels to $60.00 in a research note on Monday, March 17th. They now have a “buy” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Hyatt Hotels from $55.00 to $61.00 in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Hyatt Hotels has a consensus rating of “Buy” and a consensus price target of $56.43.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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