Hyatt Hotels Stock Rating Upgraded by Stifel Nicolaus (H)
Hyatt Hotels (NYSE:H) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $67.00 price objective on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 18.44% from the company’s current price. The analysts noted that the move was a valuation call.
Shares of Hyatt Hotels (NYSE:H) traded up 2.81% during mid-day trading on Monday, hitting $58.16. 367,549 shares of the company’s stock traded hands. Hyatt Hotels has a 52-week low of $42.82 and a 52-week high of $63.29. The stock has a 50-day moving average of $60.78 and a 200-day moving average of $56.03. The company has a market cap of $8.937 billion and a P/E ratio of 41.11.
Hyatt Hotels (NYSE:H) last posted its quarterly 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust reiterated a “neutral” rating on shares of Hyatt Hotels in a research note on Monday, August 4th. They now have a $59.00 price target on the stock, up previously from $57.00. Separately, analysts at Susquehanna cut their price target on shares of Hyatt Hotels from $73.00 to $69.00 in a research note on Friday, August 1st. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Hyatt Hotels in a research note on Friday, August 1st. They now have a $67.00 price target on the stock, up previously from $61.00. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Hyatt Hotels presently has a consensus rating of “Buy” and a consensus price target of $63.00.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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