In a report released today, Jeffrey Donnelly from Wells Fargo maintained a Buy rating on Hyatt Hotels Corp (H). The company’s shares opened today at $72.79.
According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 5.4% and a 69.1% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hersha Hospitality Trust, and Host Hotels & Resorts.
Currently, the analyst consensus on Hyatt Hotels Corp is a Moderate Buy with an average price target of $77.20, representing a 6.1% upside. In a report issued on February 11, Robert W. Baird also reiterated a Buy rating on the stock with a $87 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.
