Hyatt Hotels (H) Downgraded by Raymond James

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Raymond James lowered shares of Hyatt Hotels (NYSE:H) from an outperform rating to a market perform rating in a report issued on Tuesday, MarketBeat Ratings reports. They currently have $80.00 price objective on the stock.

Several other analysts have also recently weighed in on H. Nomura dropped their price objective on Hyatt Hotels from $85.00 to $73.00 and set a neutral rating for the company in a report on Wednesday, October 31st. Cowen began coverage on Hyatt Hotels in a research report on Monday, October 22nd. They set a market perform rating and a $75.00 target price for the company. Robert W. Baird set a $88.00 target price on Hyatt Hotels and gave the stock a buy rating in a research report on Friday, October 19th. Zacks Investment Research upgraded Hyatt Hotels from a hold rating to a buy rating and set a $87.00 target price for the company in a research report on Wednesday, September 26th. Finally, Jefferies Financial Group restated a hold rating and set a $76.00 target price on shares of Hyatt Hotels in a research report on Friday, November 2nd. Fifteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $78.86.

Shares of Hyatt Hotels stock traded down $0.02 during trading on Tuesday, reaching $67.96. The company’s stock had a trading volume of 5,773 shares, compared to its average volume of 662,145. The company has a quick ratio of 2.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.41. Hyatt Hotels has a one year low of $63.45 and a one year high of $84.89. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.92 and a beta of 1.18.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Hyatt Hotels had a return on equity of 4.95% and a net margin of 17.80%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels will post 1.61 EPS for the current year.

In other Hyatt Hotels news, insider Featherman Trust sold 72,569 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $68.90, for a total transaction of $5,000,004.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jnp Parachute Mirror Trust B sold 2,246 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $64.99, for a total value of $145,967.54. The disclosure for this sale can be found here. Insiders sold a total of 82,355 shares of company stock valued at $5,687,117 over the last quarter. 18.40% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in H. Vanguard Group Inc grew its holdings in shares of Hyatt Hotels by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 3,880,760 shares of the company’s stock worth $308,870,000 after purchasing an additional 38,758 shares in the last quarter. MARSHALL WACE ASIA Ltd boosted its stake in Hyatt Hotels by 40.2% in the third quarter. MARSHALL WACE ASIA Ltd now owns 659,188 shares of the company’s stock valued at $52,465,000 after buying an additional 188,924 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hyatt Hotels by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,880,760 shares of the company’s stock valued at $308,870,000 after buying an additional 38,758 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in Hyatt Hotels by 104.3% in the third quarter. Standard Life Aberdeen plc now owns 242,453 shares of the company’s stock valued at $19,301,000 after buying an additional 123,790 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Hyatt Hotels by 8.5% in the third quarter. Neuberger Berman Group LLC now owns 386,515 shares of the company’s stock valued at $30,762,000 after buying an additional 30,159 shares in the last quarter. 36.70% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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