Hyatt Hotels Corp. (H) Hits New 1-Year High at $54.23
Hyatt Hotels Corp. (NYSE:H) shares hit 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 research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Hyatt Hotels Corp. in a report on Wednesday, July 6th. They set an “underperform” rating for the company. Stifel Nicolaus cut shares of Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. They noted that the move was a valuation call. Evercore ISI cut shares of Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $44.00 price objective for the company. in a report on Wednesday, July 20th. Bank of America Corp. cut shares of Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $49.00 in a report on Thursday, May 19th. Finally, Zacks Investment Research cut shares of Hyatt Hotels Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Hyatt Hotels Corp. currently has an average rating of “Hold” and an average price target of $53.39.
The stock’s 50 day moving average price is $51.40 and its 200-day moving average price is $47.92. The firm has a market cap of $7.20 billion and a P/E ratio of 46.09.
Hyatt Hotels Corp. (NYSE:H) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. During the same quarter in the previous year, the business earned $0.28 EPS. On average, analysts forecast that Hyatt Hotels Corp. will post $1.48 EPS for the current year.
In other Hyatt Hotels Corp. news, insider David Udell sold 7,344 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $52.26, for a total transaction of $383,797.44. Following the completion of the transaction, the insider now directly owns 7,582 shares of the company’s stock, valued at approximately $396,235.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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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