In a report issued on February 14, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Hyatt Hotels Corp (H), with a price target of $75. The company’s shares closed on Friday at $72.34.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 9.4% and a 63.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Penn National Gaming, and Red Rock Resorts Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hyatt Hotels Corp with a $77.20 average price target, implying a 6.7% upside from current levels. In a report issued on February 14, J.P. Morgan also maintained a Hold rating on the stock with a $72 price target.
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Based on Hyatt Hotels Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.14 billion and net profit of $44 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $76 million.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock.
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Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels; Americas Management and Franchising; ASPAC Management and Franchising; and EAME/SW Asia management and Franchising. The Owned and Leased Hotels segment offers hospitality services and hotels.
