Headlines about Hyatt Hotels (NYSE:H) have trended somewhat positive on Friday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hyatt Hotels earned a news impact score of 0.01 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.6883185589837 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
Shares of Hyatt Hotels (NYSE H) traded down $0.02 during mid-day trading on Friday, reaching $79.73. The company’s stock had a trading volume of 1,390,784 shares, compared to its average volume of 975,089. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market cap of $9,480.00, a price-to-earnings ratio of 40.47, a P/E/G ratio of 12.45 and a beta of 1.31. Hyatt Hotels has a 12 month low of $50.21 and a 12 month high of $82.50.
Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Hyatt Hotels had a return on equity of 5.94% and a net margin of 5.31%. During the same quarter last year, the firm posted $0.29 EPS. equities research analysts predict that Hyatt Hotels will post 1.5 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be issued a $0.15 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%.
Hyatt Hotels declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of research analysts have recently issued reports on the company. Berenberg Bank upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and increased their target price for the company from $69.20 to $78.00 in a research report on Friday, November 10th. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, December 14th. Deutsche Bank increased their target price on Hyatt Hotels from $78.00 to $88.00 and gave the company a “hold” rating in a research report on Friday. Morgan Stanley increased their target price on Hyatt Hotels from $63.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $78.00 target price on shares of Hyatt Hotels in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $78.77.
In other news, insider P.G. Penny Trust sold 600,000 shares of Hyatt Hotels stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total transaction of $42,000,000.00. Following the transaction, the insider now owns 600,000 shares in the company, valued at approximately $42,000,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of Hyatt Hotels stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total value of $3,517,836.42. Following the transaction, the insider now owns 300,655 shares in the company, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. Insiders sold a total of 649,432 shares of company stock worth $45,536,570 in the last 90 days. 27.51% of the stock is currently owned by insiders.
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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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