According to Reuters, of the 22 analysts tracking Hyatt (H), three analysts (13.6%) have a “strong buy” rating on the stock, two analysts (9.1%) have a “buy” rating, 16 analysts (72.7%) have a “hold” rating, and one analyst (4.5%) has a “sell” rating. There are no “strong sell” ratings on the stock.
Analyst upgrades and downgrades
Some analysts have adjusted their target prices before Hyatt’s 2Q17 earnings release. Susquehanna raised its target price from $60 to $66 in May, and then cut it to $65 in June. Evercore ISI raised its target price from $49 to $50. Wolfe Research raised its rating on the stock from “underperform” to “peer perform.” Morgan Stanley raised its target price from $53 to $58 and maintained an “equal-weight” rating. JPMorgan Chase raised its target price from $57 to $59 and maintained its “neutral” rating
Hyatt’s consensus-12-month target price is $60.20, which indicates a 9.0% return potential based on the closing price of $55.20 on July 24, 2017. The stock’s highest target price is $67, and its lowest target price is $50.
The consensus target price has risen since the release of last quarter’s results. At the end of 1Q17, Hyatt’s consensus target price was $58.60.
Investors can gain exposure to the hotel sector by investing in the PowerShares Dynamic Leisure and Entertainment Portfolio ETF (PEJ), which invests 2.6% of its portfolio in Hyatt and 2.9% in Wyndham Worldwide (WYN). However, it has no exposure to Marriott International (MAR) or Hilton Worldwide Holdings (HLT).