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.
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).
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