Deutsche Bank Sticks to Its Hold Rating for Hyatt Hotels Corp (H)

By Jason Carr

In a report issued on August 1, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Hyatt Hotels Corp (HResearch Report), with a price target of $74. The company’s shares closed on Friday at $76.22.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 8.8% and a 58.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings Inc, and Marriott International.

Currently, the analyst consensus on Hyatt Hotels Corp is a Hold with an average price target of $78.50, representing a 3.0% upside. In a report issued on July 21, Wells Fargo also maintained a Hold rating on the stock.

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Hyatt Hotels Corp’s market cap is currently $8.03B and has a P/E ratio of 19.65. The company has a Price to Book ratio of 2.20.

Based on the recent corporate insider activity of 80 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.