Hyatt Hotels Corporation (NYSE:H)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a note issued to investors on Friday, September 8th. They currently have a $68.00 price objective on the stock. Robert W. Baird’s target price suggests a potential upside of 12.30% from the stock’s current price.
Other analysts have also recently issued reports about the stock. FBR & Co reaffirmed a “buy” rating on shares of Hyatt Hotels Corporation in a report on Monday, May 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $60.00 price target (up from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Stifel Nicolaus increased their target price on shares of Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a report on Monday, May 15th. Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Hyatt Hotels Corporation in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Hyatt Hotels Corporation currently has an average rating of “Hold” and a consensus target price of $58.56.
Shares of Hyatt Hotels Corporation (H) opened at 60.55 on Friday. The company has a market cap of $7.57 billion, a P/E ratio of 30.37 and a beta of 1.25. Hyatt Hotels Corporation has a 52 week low of $47.94 and a 52 week high of $61.07. The firm has a 50-day moving average of $58.26 and a 200 day moving average of $56.21.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.17. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. During the same period in the prior year, the company posted $0.64 earnings per share. Equities analysts expect that Hyatt Hotels Corporation will post $1.60 EPS for the current fiscal year.
In other Hyatt Hotels Corporation news, insider Don G.C. Trust #8 sold 42,146 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total transaction of $2,509,794.30. Following the completion of the sale, the insider now directly owns 42,146 shares of the company’s stock, valued at $2,509,794.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider R.A. G.C. Trust #8 sold 7,964 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $59.29, for a total transaction of $472,185.56. Following the completion of the sale, the insider now directly owns 7,964 shares of the company’s stock, valued at $472,185.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,713,219 shares of company stock valued at $501,819,287. Insiders own 27.51% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of H. Morgan Stanley lifted its position in shares of Hyatt Hotels Corporation by 85.5% in the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock worth $141,682,000 after purchasing an additional 1,209,744 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Hyatt Hotels Corporation during the first quarter valued at approximately $37,860,000. Marshall Wace North America L.P. bought a new position in Hyatt Hotels Corporation during the first quarter valued at approximately $37,860,000. Cibc World Markets Corp bought a new position in Hyatt Hotels Corporation during the second quarter valued at approximately $37,099,000. Finally, BNP Paribas Arbitrage SA raised its position in Hyatt Hotels Corporation by 485.2% during the second quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock valued at $35,129,000 after acquiring an additional 518,164 shares in the last quarter. 30.68% of the stock is owned by institutional investors and hedge funds.
About Hyatt Hotels Corporation
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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