Hyatt Hotels Given “Overweight” Rating at JPMorgan Chase & Co. (H)
Hyatt Hotels (NYSE:H)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $66.00 target price on the stock, up from their previous target price of $63.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 10.31% from the stock’s previous close.
Shares of Hyatt Hotels (NYSE:H) traded down 0.20% during mid-day trading on Wednesday, hitting $59.71. The stock had a trading volume of 200,903 shares. Hyatt Hotels has a 52-week low of $37.74 and a 52-week high of $61.97. The stock has a 50-day moving average of $58.90 and a 200-day moving average of $52.98. The company has a market cap of $9.249 billion and a price-to-earnings ratio of 36.98.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that Hyatt Hotels will post $1.08 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of Hyatt Hotels in a research note on Wednesday, June 11th. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at Nomura raised their price target on shares of Hyatt Hotels from $59.00 to $73.00 in a research note on Friday, May 30th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hyatt Hotels has an average rating of “Buy” and a consensus price target of $61.63.
In other Hyatt Hotels news, Insider Peter Fulton sold 8,459 shares of the stock on the open market in a transaction dated Friday, June 13th. The stock was sold at an average price of $59.38, for a total transaction of $502,295.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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