Berenberg Bank Upgrades Hyatt Hotels (NYSE:H) to “Buy”

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.

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

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).

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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