Hyatt Hotels (NYSE:H) had its target price boosted by B. Riley from $70.00 to $80.00 in a report published on Friday, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock. B. Riley also issued estimates for Hyatt Hotels’ Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.65 EPS, Q1 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.96 EPS and FY2020 earnings at $2.09 EPS.
Other equities analysts also recently issued research reports about the stock. Raymond James Financial upgraded shares of Hyatt Hotels from a market perform rating to an outperform rating and set a $82.00 price objective for the company in a research report on Monday, January 8th. Robert W. Baird restated a buy rating and set a $84.00 price objective on shares of Hyatt Hotels in a research report on Tuesday, January 9th. Wolfe Research upgraded shares of Hyatt Hotels from a market perform rating to an outperform rating in a research report on Thursday, December 21st. Wells Fargo & Co upgraded shares of Hyatt Hotels from a market perform rating to an outperform rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. Finally, MKM Partners upgraded shares of Hyatt Hotels from a neutral rating to a buy rating and set a $79.00 price objective for the company in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Hyatt Hotels has a consensus rating of Hold and a consensus target price of $78.77.
Shares of Hyatt Hotels (H) opened at $79.73 on Friday. Hyatt Hotels has a 12-month low of $50.21 and a 12-month high of $82.50. The company has a market cap of $9,479.50, a price-to-earnings ratio of 45.82, a P/E/G ratio of 12.31 and a beta of 1.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.37 and a quick ratio of 1.36.
Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Hyatt Hotels had a net margin of 5.31% and a return on equity of 6.02%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. equities analysts forecast that Hyatt Hotels will post 1.5 earnings per share for the current year.
Hyatt Hotels declared that its board has authorized a share buyback program on Thursday, December 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%.
In other news, insider P.G. Penny Trust sold 600,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total transaction of $42,000,000.00. Following the transaction, the insider now directly owns 600,000 shares of the company’s stock, valued at approximately $42,000,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the transaction, the insider now directly owns 300,655 shares in the company, valued at $21,508,858.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 649,432 shares of company stock worth $45,536,570. Corporate insiders own 27.51% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Bamco Inc. NY grew its stake in shares of Hyatt Hotels by 0.4% during the 3rd quarter. Bamco Inc. NY now owns 4,456,997 shares of the company’s stock worth $275,398,000 after purchasing an additional 17,660 shares during the period. Long Pond Capital LP grew its stake in Hyatt Hotels by 14.1% in the 3rd quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock valued at $187,567,000 after acquiring an additional 374,704 shares during the last quarter. BlackRock Inc. grew its stake in Hyatt Hotels by 4.6% in the 4th quarter. BlackRock Inc. now owns 1,835,831 shares of the company’s stock valued at $135,007,000 after acquiring an additional 80,084 shares during the last quarter. Millennium Management LLC grew its stake in Hyatt Hotels by 13.9% in the 4th quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock valued at $86,886,000 after acquiring an additional 144,212 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Hyatt Hotels by 63.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,018,390 shares of the company’s stock valued at $62,927,000 after acquiring an additional 393,424 shares during the last quarter. 38.74% of the stock is currently owned by institutional investors and hedge funds.
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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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