News articles about Hyatt (NYSE:H) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hyatt earned a news impact score of 0.06 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.6185282608987 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Robert W. Baird Analysts Give Hyatt (H) a $70.00 Price Target (americanbankingnews.com)
- A city spent nearly $500K trying to shut down a Christmas display. Now it’s getting some of its money back (sun-sentinel.com)
- Park Hyatt Jeddah all set for Masters of Food 2018 (saudigazette.com.sa)
- Hyatt Regency Saipan 22nd Annual Charity Golf Classic receives a 2018 Honda Civic SE valued at $27995 for hole-in … (mvariety.com)
- Hyatt Hotels in Colorado Offer a Meeting Package that Invites Planners to Choose a Complimentary Conference Extra (prweb.com)
A number of analysts recently weighed in on the company. Raymond James Financial upgraded Hyatt from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a report on Monday, January 8th. B. Riley increased their price objective on Hyatt from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, February 16th. SunTrust Banks increased their price objective on Hyatt to $80.00 and gave the company a “hold” rating in a report on Tuesday, February 20th. Robert W. Baird restated a “buy” rating and issued a $84.00 price objective on shares of Hyatt in a report on Tuesday, January 9th. Finally, ValuEngine upgraded Hyatt from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Hyatt has an average rating of “Buy” and an average target price of $80.69.
Hyatt (NYSE:H) last posted its earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Hyatt had a net margin of 5.31% and a return on equity of 6.02%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $0.29 EPS. sell-side analysts predict that Hyatt will post 1.5 EPS for the current year.
Hyatt declared that its board has approved a stock buyback program on Thursday, December 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. Hyatt’s dividend payout ratio is currently 33.71%.
In other news, insider Peter Fulton sold 4,300 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $80.10, for a total transaction of $344,430.00. Following the completion of the sale, the insider now owns 22,066 shares in the company, valued at approximately $1,767,486.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Maryam Banikarim sold 4,992 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $80.17, for a total transaction of $400,208.64. Following the sale, the insider now owns 23,840 shares of the company’s stock, valued at approximately $1,911,252.80. The disclosure for this sale can be found here. 27.51% of the stock is owned by company insiders.
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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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