In a report released today, Richard Clarke from Bernstein maintained a Buy rating on Hyatt Hotels (H – Research Report), with a price target of $152.00. The company’s shares closed last Friday at $157.85.
Clarke covers the Consumer Cyclical sector, focusing on stocks such as Marriott International, TripAdvisor, and Hyatt Hotels. According to TipRanks, Clarke has an average return of 12.5% and a 72.60% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hyatt Hotels with a $143.72 average price target, a -8.95% downside from current levels. In a report released on March 1, J.P. Morgan also maintained a Buy rating on the stock with a $172.00 price target.
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H market cap is currently $16.29B and has a P/E ratio of 77.29.
Based on the recent corporate insider activity of 45 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. Most recently, in January 2024, Jnp Parachute Mirror Trust L, an Insider at H sold 66,701.00 shares for a total of $8,418,333.21.
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 (H) Company Description:
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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