Hyatt Hotels Price Target Increased to $73.00 by Analysts at Nomura (H)
Nomura hoisted their price target on shares of Hyatt Hotels (NYSE:H) from $59.00 to $73.00 in a research note issued on Friday. Nomura’s target price suggests a potential upside of 20.50% from the stock’s previous close.
In other Hyatt Hotels news, Insider H. Charles Floyd sold 34,996 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $59.11, for a total transaction of $2,068,613.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Hyatt Hotels from $56.00 to $61.00 in a research note on Monday, May 5th. Separately, analysts at MKM Partners downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $64.00 price target on the stock, up previously from $61.00. They noted that the move was a valuation call. Finally, analysts at Credit Suisse raised their price target on shares of Hyatt Hotels from $51.00 to $56.00 in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.91.
Shares of Hyatt Hotels (NYSE:H) traded up 0.69% on Friday, hitting $61.00. The stock had a trading volume of 227,592 shares. Hyatt Hotels has a one year low of $37.74 and a one year high of $60.59. The stock’s 50-day moving average is $56.37 and its 200-day moving average is $51.79. The company has a market cap of $9.449 billion and a price-to-earnings ratio of 37.44.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.02. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.09 earnings per share. Hyatt Hotels’s revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Hyatt Hotels will post $1.10 earnings per share for the current fiscal year.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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