Wells Fargo Reaffirms Their Hold Rating on Hyatt Hotels (H)


In a report released today, Dori Kesten from Wells Fargo maintained a Hold rating on Hyatt Hotels (H). The company’s shares closed last Tuesday at $51.67.

According to TipRanks.com, Kesten is a 2-star analyst with an average return of 1.8% and a 50.0% success rate. Kesten covers the Financial sector, focusing on stocks such as Xenia Hotels & Resorts, Park Hotels & Resorts, and Diamondrock.

Currently, the analyst consensus on Hyatt Hotels is a Hold with an average price target of $56.11, a 9.1% upside from current levels. In a report issued on July 14, Nomura also maintained a Hold rating on the stock with a $83.00 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 $1.24 billion and had a net profit of $63 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.

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. 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.

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