In a report released today, Thomas Allen from Morgan Stanley maintained a Hold rating on Hyatt Hotels (H), with a price target of $47.00. The company’s shares closed last Thursday at $49.45.
According to TipRanks.com, Allen is a 4-star analyst with an average return of 6.8% and a 55.6% success rate. Allen covers the Services sector, focusing on stocks such as Hilton Worldwide Holdings, Marriott International, and Norwegian Cruise Line.
Hyatt Hotels has an analyst consensus of Hold, with a price target consensus of $51.50, a 5.5% upside from current levels. In a report issued on August 4, Stifel Nicolaus also maintained a Hold rating on the stock with a $45.00 price target.
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Based on Hyatt Hotels’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $993 million and GAAP net loss of $103 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $86 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of H in relation to earlier this year.
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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. The Americas Management and Franchising segment consists of properties located in the United States, Latin America, Canada, and the Caribbean. The ASPAC Management and Franchising segment includes of its management and franchising of properties located in Southeast Asia, Greater China, Australia, South Korea, Japan and Micronesia. The EAME/SW Asia Management segment comprises of its management and franchising of properties located primarily in Europe, Africa, the Middle East, India, Central Asia, and Nepal. The company was founded by Thomas Jay Pritzker in 1957 and is headquartered in Chicago, IL.
