#2 - Hyatt (NYSE:H)
As you might expect, luxury hotel chains have been among the most hardest hit in terms of revenue. Through the first three quarters of 2020, Hyatt (NYSE:H) reported $1.6 billion in revenue. That number is less than a third of the $5 billion it recorded in 2019.
That’s the bad news. The good news is that investors who took a chance on Hyatt stock at the onset of the pandemic have been rewarded with a gain of just over 100%. In fact the stock is down less than 20% from its pre-pandemic level.
Analysts are lukewarm on Hyatt giving it a consensus hold. However, the hotel chain is receiving multiple price target increases suggesting a bullish trend.
The easy gains may be gone, but it’s likely that a hotel chain with such a strong brand association and a portfolio that includes 900 properties in over 60 countries will not recover.
About Hyatt Hotels
Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
Read More - Current Price
- $156.00
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $151.57 (2.8% Downside)
