SunTrust Reiterates “Neutral” Rating for Hyatt Hotels (H)
Hyatt Hotels (NYSE:H)‘s stock had its “neutral” rating reaffirmed by SunTrust in a research note issued on Monday. They currently have a $59.00 price target on the stock, up from their previous price target of $57.00. SunTrust’s price objective would indicate a potential upside of 1.44% from the company’s current price.
Shares of Hyatt Hotels (NYSE:H) traded up 0.27% on Monday, hitting $58.315. The stock had a trading volume of 151,451 shares. Hyatt Hotels has a 52 week low of $42.82 and a 52 week high of $63.29. The stock’s 50-day moving average is $61.12 and its 200-day moving average is $55.80. The company has a market cap of $8.960 billion and a price-to-earnings ratio of 42.27.
Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, July 31st. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Hyatt Hotels will post $1.09 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on H. Analysts at Susquehanna cut their price target on shares of Hyatt Hotels from $73.00 to $69.00 in a research note on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.25.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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