MKM Partners Upgrades Hyatt Hotels (H) to Buy

Hyatt Hotels (NYSE:H) was upgraded by MKM Partners from a “neutral” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $79.00 price target on the stock. MKM Partners’ target price indicates a potential upside of 9.28% from the company’s previous close.

A number of other analysts have also recently commented on the company. Berenberg Bank upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and upped their price target for the stock from $69.20 to $78.00 in a research report on Friday, November 10th. Stifel Nicolaus upped their price objective on Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, November 6th. B. Riley lowered Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Monday, November 6th. Wells Fargo & Company raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Monday, November 6th. Finally, Morgan Stanley upped their price objective on Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $69.40.

Shares of Hyatt Hotels (NYSE:H) opened at $72.29 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. The company has a market capitalization of $8,454.62, a PE ratio of 39.51, a price-to-earnings-growth ratio of 10.11 and a beta of 1.25. Hyatt Hotels has a 1 year low of $50.21 and a 1 year high of $73.33.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. During the same quarter in the prior year, the business posted $0.47 earnings per share. sell-side analysts expect that Hyatt Hotels will post 1.73 EPS for the current year.

In related news, insider Maryam Banikarim sold 10,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $61.42, for a total transaction of $614,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider P.G. Penny Trust sold 600,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $42,000,000.00. Following the transaction, the insider now directly owns 600,000 shares of the company’s stock, valued at $42,000,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,000,001 shares of company stock valued at $68,120,268. Corporate insiders own 27.51% of the company’s stock.

A number of institutional investors have recently made changes to their positions in H. Acrospire Investment Management LLC bought a new position in Hyatt Hotels during the second quarter valued at approximately $101,000. Prudential Financial Inc. bought a new stake in shares of Hyatt Hotels in the 3rd quarter valued at approximately $212,000. Federated Investors Inc. PA bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $216,000. The Manufacturers Life Insurance Company lifted its stake in shares of Hyatt Hotels by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after purchasing an additional 272 shares during the last quarter. Finally, TLP Group LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $254,000. 38.83% of the stock is owned by institutional investors.

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Hyatt Hotels 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 (NYSE:H)

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