Hyatt Hotels (H) Receives a Hold from Deutsche Bank

By Jason Carr

Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on Hyatt Hotels (HResearch Report) today and set a price target of $86.00. The company’s shares closed last Tuesday at $53.14.

According to TipRanks.com, Santarelli is a 4-star analyst with an average return of 1.3% and a 53.3% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.

Currently, the analyst consensus on Hyatt Hotels is a Hold with an average price target of $68.42, a 30.0% upside from current levels. In a report issued on April 7, Citigroup also maintained a Hold rating on the stock with a $50.00 price target.

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Based on Hyatt Hotels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.28 billion and net profit of $321 million. In comparison, last year the company earned revenue of $1.14 billion and had a net profit of $44 million.

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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.