Hyatt Hotels PT Lowered to $69.00 (H)
Analysts at Susquehanna cut their price objective on shares of Hyatt Hotels (NYSE:H) from $73.00 to $69.00 in a research report issued to clients and investors on Friday. Susquehanna’s price target indicates a potential upside of 18.64% from the company’s current price.
Shares of Hyatt Hotels (NYSE:H) traded down 1.14% during mid-day trading on Friday, hitting $58.16. 404,229 shares of the company’s stock traded hands. Hyatt Hotels has a one year low of $42.82 and a one year high of $63.29. The stock has a 50-day moving average of $61.12 and a 200-day moving average of $55.80. The company has a market cap of $9.009 billion and a P/E ratio of 36.36.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.43 earnings per share. Hyatt Hotels’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that Hyatt Hotels will post $1.09 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird reiterated an “outperform” rating on shares of Hyatt Hotels in a research note on Friday. They now have a $67.00 price target on the stock, up previously from $61.00. Separately, analysts at Nomura reiterated a “buy” rating on shares of Hyatt Hotels in a research note on Friday. They now have a $73.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Hyatt Hotels in a research note on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.49.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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