Hyatt Hotels (NYSE:H) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “buy” rating in a report released on Friday, November 10th, MarketBeat reports. The brokerage currently has a $78.00 target price on the stock, up from their prior target price of $69.20. Berenberg Bank’s target price would suggest a potential upside of 8.20% from the stock’s previous close.
Several other equities analysts also recently weighed in on H. BidaskClub downgraded Hyatt Hotels from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Deutsche Bank reissued a “hold” rating and set a $60.00 target price (up previously from $59.00) on shares of Hyatt Hotels in a research report on Wednesday, August 9th. FBR & Co reissued an “outperform” rating and set a $66.00 target price (up previously from $63.00) on shares of Hyatt Hotels in a research report on Wednesday, August 9th. Robert W. Baird reissued a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels in a research report on Friday, September 8th. Finally, SunTrust Banks reissued a “hold” rating and set a $61.00 target price on shares of Hyatt Hotels in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $66.50.
Hyatt Hotels (NYSE H) traded up $0.82 during trading hours on Friday, reaching $72.09. The company’s stock had a trading volume of 618,300 shares, compared to its average volume of 764,427. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $72.58. The company has a market cap of $8,481.97, a P/E ratio of 39.63, a price-to-earnings-growth ratio of 10.15 and a beta of 1.20.
In other Hyatt Hotels news, insider Peter Sears sold 9,059 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $59.29, for a total value of $537,108.11. Following the transaction, the insider now owns 8,292 shares of the company’s stock, valued at approximately $491,632.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R.A. G.C. Trust #8 sold 7,964 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $59.29, for a total value of $472,185.56. Following the completion of the transaction, the insider now directly owns 7,964 shares in the company, valued at approximately $472,185.56. The disclosure for this sale can be found here. Insiders sold a total of 967,592 shares of company stock worth $65,592,992 in the last ninety days. 27.51% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of H. Cibc World Markets Corp purchased a new stake in shares of Hyatt Hotels in the 2nd quarter worth $37,099,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Hyatt Hotels by 485.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock worth $35,129,000 after buying an additional 518,164 shares during the period. Gruss Capital Management LP lifted its holdings in shares of Hyatt Hotels by 316.1% in the 3rd quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock worth $39,855,000 after buying an additional 490,000 shares during the period. Koch Industries Inc. purchased a new stake in shares of Hyatt Hotels in the 2nd quarter worth $478,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Hyatt Hotels by 19.5% in the 1st quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock worth $155,055,000 after buying an additional 469,675 shares during the period. Institutional investors and hedge funds own 38.27% 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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