SunTrust Banks, Inc. reiterated their hold rating on shares of Hyatt Hotels Corporation (NYSE:H) in a report issued on Tuesday, October 17th. The brokerage currently has a $61.00 price target on the stock.
Several other equities research analysts have also issued reports on the company. BidaskClub lowered Hyatt Hotels Corporation from a hold rating to a sell rating in a research note on Thursday, July 6th. Robert W. Baird reaffirmed a buy rating and issued a $68.00 price objective on shares of Hyatt Hotels Corporation in a research note on Friday, September 8th. Wolfe Research raised Hyatt Hotels Corporation from an underperform rating to a market perform rating in a research note on Monday, July 10th. FBR & Co reaffirmed an outperform rating and issued a $66.00 price objective (up from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $60.00 price objective (up from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Hyatt Hotels Corporation presently has an average rating of Hold and an average price target of $64.70.
Shares of Hyatt Hotels Corporation (NYSE H) traded up $1.50 during trading on Tuesday, reaching $68.86. The company had a trading volume of 909,021 shares, compared to its average volume of 560,634. Hyatt Hotels Corporation has a 52 week low of $50.21 and a 52 week high of $70.48. The company has a market capitalization of $8,422.02, a price-to-earnings ratio of 37.42, a PEG ratio of 10.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Hyatt Hotels Corporation had a return on equity of 6.13% and a net margin of 4.66%. During the same period last year, the company earned $0.47 EPS. sell-side analysts predict that Hyatt Hotels Corporation will post 1.66 earnings per share for the current year.
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In other Hyatt Hotels Corporation news, Director Richard A. Friedman sold 8,654,050 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $57.58, for a total transaction of $498,300,199.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Don G.C. Trust #8 sold 42,146 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $59.55, for a total value of $2,509,794.30. Following the transaction, the insider now owns 42,146 shares in the company, valued at $2,509,794.30. The disclosure for this sale can be found here. Insiders have sold a total of 8,938,681 shares of company stock worth $515,694,337 over the last 90 days. 27.51% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC purchased a new position in shares of Hyatt Hotels Corporation in the 2nd quarter valued at $101,000. James Investment Research Inc. purchased a new position in shares of Hyatt Hotels Corporation in the 2nd quarter valued at $151,000. Prudential Financial Inc. purchased a new position in shares of Hyatt Hotels Corporation in the 3rd quarter valued at $212,000. Federated Investors Inc. PA purchased a new position in shares of Hyatt Hotels Corporation in the 2nd quarter valued at $216,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Hyatt Hotels Corporation by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after acquiring an additional 272 shares during the period. Institutional investors own 31.13% of the company’s stock.
Hyatt Hotels Corporation Company Profile
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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