Raymond James Cuts Hyatt Hotels to Market Perform (H)

By admin | 6 years ago

Hyatt Hotels (NYSE: H) was downgraded by analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday.

Several other analysts have also recently commented on the stock. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Hyatt Hotels in a research note to investors on Thursday. Finally, 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.

Shares of Hyatt Hotels traded down 2.15% during mid-day trading on Friday, hitting $39.62. 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 $6.544 billion and a P/E ratio of 60.16.

Hyatt Hotels last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.05. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Hyatt Hotels will post $0.19 earnings per share next quarter.

Hyatt Hotels Corporation (Hyatt), formerly Global Hyatt Corporation, is a global hospitality company.

About the author