In a report released today, Patrick Scholes from SunTrust Robinson maintained a Hold rating on Hyatt Hotels Corp (H), with a price target of $82. The company’s shares closed on Friday at $72.34.
According to TipRanks.com, Scholes is a 4-star analyst with an average return of 11.1% and a 62.6% success rate. Scholes covers the Services sector, focusing on stocks such as Hilton Holdings, Carnival Corp, and Choice Hotels.
The word on The Street in general, suggests a Hold analyst consensus rating for Hyatt Hotels Corp with a $77.57 average price target, a 7.2% 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.
See today’s analyst top recommended stocks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
