Hyatt Hotels Given Consensus Recommendation of “Buy” by Brokerages (NYSE:H)
Shares of Hyatt Hotels (NYSE:H) have been given an average recommendation of “Buy” by the seventeen brokerages that are currently covering the stock, AnalystRatings.NET reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $63.00.
Shares of Hyatt Hotels (NYSE:H) opened at 61.09 on Tuesday. Hyatt Hotels has a one year low of $42.82 and a one year high of $63.29. The stock’s 50-day moving average is $60.42 and its 200-day moving average is $57.34. The company has a market cap of $9.387 billion and a price-to-earnings ratio of 44.40.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results 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. The company’s revenue for the quarter 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.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $67.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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.
Hyatt Hotels Corporation (NYSE:H), is a global hospitality company.
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