Hyatt Hotels' Stock Outlook
Recent Analyst Actions
Hyatt Hotels has recently been the subject of several analyst revisions. Truist Financial has lowered its price target from $168.00 to $164.00, while Mizuho has reduced its target from $204.00 to $200.00. On the other hand, Macquarie has decreased its target from $168.00 to $164.00.
Analyst Price Targets
According to the 18 analysts covering Hyatt Hotels, the average 12-month price target is $164.00. This suggests that analysts generally believe Hyatt Hotels is fairly valued at current levels.
Consensus Rating
The consensus rating among the 18 analysts covering Hyatt Hotels is "buy". This indicates that analysts believe Hyatt Hotels is a good investment at current levels.
Valuation
Hyatt Hotels trades at a forward price-to-earnings ratio of 16.5x, which is in line with the industry average. This suggests that Hyatt Hotels is neither overvalued nor undervalued relative to its peers.
Conclusion
Overall, the recent analyst actions and price targets suggest that Hyatt Hotels is fairly valued at current levels. While some analysts have reduced their price targets, the consensus rating remains "buy". Investors should carefully consider these factors before making investment decisions.
Please note that this article is for informational purposes only and does not constitute financial advice. Investors should always conduct their own research and consult with a qualified financial advisor before making investment decisions.
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