Other equities research analysts have also issued research reports about the company. Citigroup upgraded Hyatt Hotels from a neutral rating to a buy rating and set a $82.00 price target for the company in a research note on Thursday, December 14th. MKM Partners raised shares of Hyatt Hotels from a neutral rating to a buy rating and set a $79.00 price objective for the company in a report on Thursday, December 7th. Berenberg Bank raised shares of Hyatt Hotels from a hold rating to a buy rating and increased their price objective for the company from $69.20 to $78.00 in a report on Friday, November 10th. Morgan Stanley increased their price objective on shares of Hyatt Hotels from $63.00 to $67.00 and gave the company an equal weight rating in a report on Friday, November 3rd. Finally, SunTrust Banks reissued a hold rating and set a $61.00 price objective on shares of Hyatt Hotels in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hyatt Hotels presently has a consensus rating of Buy and a consensus price target of $73.85.
Shares of Hyatt Hotels (H) traded up $0.51 during mid-day trading on Tuesday, reaching $78.93. The company’s stock had a trading volume of 961,237 shares, compared to its average volume of 643,436. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $79.20. 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 stock has a market cap of $9,323.75, a price-to-earnings ratio of 47.55, a PEG ratio of 12.29 and a beta of 1.25.
Hyatt Hotels declared that its board has approved a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
In related news, insider Stephen G. Haggerty sold 46,869 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $61.77, for a total value of $2,895,098.13. Following the completion of the transaction, the insider now owns 32,125 shares of the company’s stock, valued at approximately $1,984,361.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the transaction, the insider now directly owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 986,001 shares of company stock valued at $67,260,348. 27.51% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new position in shares of Hyatt Hotels in the 2nd quarter valued at about $101,000. Prudential Financial Inc. bought a new stake in Hyatt Hotels in the third quarter worth about $212,000. Federated Investors Inc. PA bought a new stake in Hyatt Hotels in the second quarter worth about $216,000. The Manufacturers Life Insurance Company lifted its stake in Hyatt Hotels by 7.2% in the second 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. Finally, Bridgewater Associates LP bought a new stake in Hyatt Hotels in the second quarter worth about $254,000. 38.79% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This report was posted by Week Herald and is owned by of Week Herald. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://weekherald.com/2018/01/13/hyatt-hotels-h-rating-reiterated-by-robert-w-baird.html.
About Hyatt Hotels
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).
Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.