Hyatt Hotels Corporation (NYSE:H) has been given a $70.00 price objective by stock analysts at Robert W. Baird in a research note issued on Sunday, October 29th. The firm currently has a “buy” rating on the stock. Robert W. Baird’s target price points to a potential upside of 0.65% from the stock’s current price.
A number of other equities analysts also recently commented on H. SunTrust Banks, Inc. reissued a “hold” rating and issued a $61.00 target price on shares of Hyatt Hotels Corporation in a research note on Tuesday, October 17th. BidaskClub lowered shares of Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. FBR & Co reaffirmed an “outperform” rating and set a $66.00 price target (up from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price target (up from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $66.50.
Hyatt Hotels Corporation (H) opened at $69.55 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Hyatt Hotels Corporation has a 1 year low of $50.21 and a 1 year high of $70.95. The firm has a market cap of $8,479.48, a PE ratio of 38.74, a price-to-earnings-growth ratio of 9.92 and a beta of 1.20.
Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.17 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Hyatt Hotels Corporation had a net margin of 4.66% and a return on equity of 6.13%. During the same period in the prior year, the business earned $0.47 earnings per share. equities analysts anticipate that Hyatt Hotels Corporation will post 1.73 EPS for the current fiscal year.
In related news, insider Elsinore Trust sold 157,476 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $61.48, for a total transaction of $9,681,624.48. Following the completion of the transaction, the insider now directly owns 32,125 shares in the company, valued at approximately $1,975,045. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rena Hozore Reiss sold 4,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $61.43, for a total transaction of $245,720.00. Following the transaction, the insider now owns 30,881 shares of the company’s stock, valued at $1,897,019.83. The disclosure for this sale can be found here. Insiders sold 242,485 shares of company stock valued at $14,884,343 over the last 90 days. 27.51% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC bought a new stake in shares of Hyatt Hotels Corporation in the 2nd quarter worth about $101,000. James Investment Research Inc. bought a new stake in shares of Hyatt Hotels Corporation in the 2nd quarter worth about $151,000. Prudential Financial Inc. bought a new stake in shares of Hyatt Hotels Corporation in the 3rd quarter worth about $212,000. Federated Investors Inc. PA bought a new stake in shares of Hyatt Hotels Corporation in the 2nd quarter worth about $216,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Hyatt Hotels Corporation by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after purchasing an additional 272 shares during the last quarter. 31.46% of the stock is currently owned by hedge funds and other institutional investors.
Hyatt Hotels Corporation Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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