Hyatt Hotels Corp. (H) Reaches New 52-Week High at $54.23
Hyatt Hotels Corp. (NYSE:H) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $54.23 and last traded at $53.86, with a volume of 86,916 shares. The stock had previously closed at $53.91.
Several equities research analysts recently issued reports on H shares. FBR & Co reaffirmed a “buy” rating and set a $62.00 price target on shares of Hyatt Hotels Corp. in a research note on Wednesday, May 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Hyatt Hotels Corp. in a research note on Wednesday, May 4th. Vetr downgraded shares of Hyatt Hotels Corp. from a “strong-buy” rating to a “buy” rating and set a $53.68 price target on the stock. in a research note on Friday, April 29th. Zacks Investment Research raised shares of Hyatt Hotels Corp. from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, April 25th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Hyatt Hotels Corp. in a research note on Tuesday, May 3rd. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $53.39.
The company has a market capitalization of $7.18 billion and a P/E ratio of 45.96. The firm has a 50 day moving average price of $51.26 and a 200 day moving average price of $47.80.
Hyatt Hotels Corp. (NYSE:H) last released its earnings results on Tuesday, August 2nd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.17. During the same quarter last year, the firm earned $0.28 EPS. On average, equities research analysts anticipate that Hyatt Hotels Corp. will post $1.48 earnings per share for the current year.
In other news, insider David Udell sold 7,344 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $52.26, for a total value of $383,797.44. Following the completion of the transaction, the insider now owns 7,582 shares in the company, valued at approximately $396,235.32. The sale was disclosed in a filing with the SEC, which is available at this link.
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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