Hyatt Hotels Corporation (NYSE:H) Cut to Neutral at B. Riley

B. Riley downgraded shares of Hyatt Hotels Corporation (NYSE:H) from a buy rating to a neutral rating in a research note released on Monday, November 6th, MarketBeat reports. B. Riley currently has $70.00 price target on the stock. B. Riley also issued estimates for Hyatt Hotels’ Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $1.75 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.52 EPS and FY2019 earnings at $1.70 EPS.

Several other research analysts have also weighed in on the stock. Wells Fargo & Company raised shares of Hyatt Hotels from a market perform rating to an outperform rating and set a $76.00 price objective for the company in a report on Monday, November 6th. Morgan Stanley raised their price objective on shares of Hyatt Hotels from $63.00 to $67.00 and gave the stock an equal weight rating in a report on Friday, November 3rd. Robert W. Baird set a $70.00 price objective on shares of Hyatt Hotels and gave the stock a buy rating in a report on Sunday, October 29th. SunTrust Banks, Inc. reissued a hold rating and set a $61.00 price objective on shares of Hyatt Hotels in a report on Tuesday, October 17th. Finally, Deutsche Bank AG reissued a hold rating and set a $60.00 price objective (up from $59.00) on shares of Hyatt Hotels 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 issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $66.50.

Hyatt Hotels (H) traded up $0.43 during trading hours on Monday, reaching $71.34. 308,319 shares of the company’s stock were exchanged, compared to its average volume of 1,049,424. Hyatt Hotels has a 12 month low of $50.21 and a 12 month high of $71.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a market capitalization of $8,555.15, a P/E ratio of 39.39, a P/E/G ratio of 10.09 and a beta of 1.20.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same quarter last year, the firm posted $0.47 EPS. research analysts anticipate that Hyatt Hotels will post 1.73 earnings per share for the current year.

In other Hyatt Hotels news, insider Peter Sears sold 9,059 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $59.29, for a total transaction of $537,108.11. Following the sale, the insider now directly owns 8,292 shares in the company, valued at approximately $491,632.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rena Hozore Reiss sold 4,000 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $61.43, for a total transaction of $245,720.00. Following the sale, the insider now owns 30,881 shares in the company, valued at $1,897,019.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 967,592 shares of company stock worth $65,592,992. 27.51% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in H. Acrospire Investment Management LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $101,000. James Investment Research Inc. bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $151,000. Prudential Financial Inc. bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth approximately $212,000. Federated Investors Inc. PA bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $216,000. Finally, The Manufacturers Life Insurance Company raised its holdings 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 worth $228,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 32.30% of the company’s stock.

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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).

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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