Nomura Gives Neutral Rating to Hyatt Hotels (H)
Hyatt Hotels traded down 2.26% on Thursday, hitting $40.61. Hyatt Hotels has a 52-week low of $29.18 and a 52-week high of $45.72. The company has a market cap of $6.708 billion and a price-to-earnings ratio of 62.20.
The company last announced its quarterly results on Thursday, May 3rd. It reported $0.03 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.08 EPS by $0.05. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Hyatt Hotels will post $0.26 EPS next quarter.
A number of other firms have also recently commented on H. Analysts at Cantor Fitzgerald initiated coverage on shares of Hyatt Hotels in a research note to investors on Wednesday, February 29th. They set a “hold” rating and a $44.00 price target on the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Hyatt Hotels in a research note to investors on Tuesday, February 21st. They now have a $46.50 price target on the stock.
Hyatt Hotels Corporation (Hyatt), formerly Global Hyatt Corporation, is a global hospitality company.