Hyatt Hotels (NYSE:H) had its price objective boosted by stock analysts at Morgan Stanley from $81.00 to $82.00 in a research note issued on Friday, February 16th. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 1.72% from the company’s previous close.
Several other brokerages have also recently commented on H. Robert W. Baird set a $70.00 price target on shares of Hyatt Hotels and gave the stock a “buy” rating in a research report on Sunday, October 29th. Wells Fargo & Co raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Monday, November 6th. B. Riley cut shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Monday, November 6th. Stifel Nicolaus boosted their price target on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, November 6th. Finally, Berenberg Bank raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and boosted their price target for the stock from $69.20 to $78.00 in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $80.38.
Hyatt Hotels (NYSE H) traded down $0.68 on Friday, reaching $80.61. 417,101 shares of the company traded hands, compared to its average volume of 959,114. The company has a market cap of $9,613.85, a PE ratio of 41.02, a P/E/G ratio of 6.95 and a beta of 1.31. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $83.02. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.41.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Hyatt Hotels had a net margin of 5.31% and a return on equity of 6.02%. During the same period in the previous year, the firm posted $0.29 EPS. equities research analysts predict that Hyatt Hotels will post 1.58 EPS for the current fiscal year.
Hyatt Hotels declared that its board has authorized a stock repurchase program on Thursday, December 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider Mark Samuel Hoplamazian sold 49,173 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were 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 approximately $21,508,858.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.51% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC acquired a new position in Hyatt Hotels in the 4th quarter valued at about $132,000. Acadian Asset Management LLC grew its stake in Hyatt Hotels by 134.7% in the 4th quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock valued at $165,000 after buying an additional 1,288 shares during the last quarter. Capital Fund Management S.A. acquired a new position in Hyatt Hotels in the 4th quarter valued at about $202,000. Prudential Financial Inc. acquired a new position in Hyatt Hotels in the 3rd quarter valued at about $212,000. Finally, State of Alaska Department of Revenue acquired a new position in Hyatt Hotels in the 4th quarter valued at about $220,000. Institutional investors and hedge funds own 38.74% of the company’s stock.
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Hyatt Hotels 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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