Hyatt Hotels Corporation (H) Given a $70.00 Price Target at Robert W. Baird

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.

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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).

Analyst Recommendations for Hyatt Hotels Corporation (NYSE:H)

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