Wells Fargo Reaffirms Their Buy Rating on Hyatt Hotels Corp (H)


In a report released yesterday, Jeffrey Donnelly from Wells Fargo maintained a Buy rating on Hyatt Hotels Corp (H). The company’s shares closed yesterday at $67.20.

According to TipRanks.com, Donnelly is a 3-star analyst with an average return of 4.3% and a 59.2% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hersha Hospitality Trust, and Host Hotels & Resorts.

The word on The Street in general, suggests a Hold analyst consensus rating for Hyatt Hotels Corp with a $75.25 average price target.

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Based on Hyatt Hotels Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.07 billion and net profit of $237 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.

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