Hyatt Hotels (NYSE:H) had its target price reduced by analysts at Wells Fargo & Co from $92.00 to $79.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co’s price target suggests a potential upside of 10.60% from the stock’s current price.
A number of other research analysts have also recently weighed in on the stock. B. Riley cut their price objective on shares of Hyatt Hotels from $84.00 to $77.00 and set a “hold” rating on the stock in a research report on Thursday. Nomura cut their price objective on shares of Hyatt Hotels from $85.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday. Cowen assumed coverage on shares of Hyatt Hotels in a research report on Monday, October 22nd. They set a “market perform” rating and a $75.00 price objective on the stock. Robert W. Baird set a $88.00 price objective on shares of Hyatt Hotels and gave the company a “buy” rating in a research report on Friday, October 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $84.00 price objective on shares of Hyatt Hotels in a research report on Thursday, October 4th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $82.41.
H traded down $0.16 during trading hours on Thursday, hitting $71.43. The company’s stock had a trading volume of 1,136,017 shares, compared to its average volume of 967,437. Hyatt Hotels has a 12 month low of $64.82 and a 12 month high of $84.89. The stock has a market capitalization of $7.95 billion, a PE ratio of 44.37, a P/E/G ratio of 4.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.87 and a current ratio of 2.17.
Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.95%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, research analysts forecast that Hyatt Hotels will post 1.58 earnings per share for the current year.
In other news, insider 8-26-22 Gp Llc sold 196,719 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $78.09, for a total transaction of $15,361,786.71. Following the completion of the sale, the insider now directly owns 100,000 shares of the company’s stock, valued at $7,809,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider H Co Lp Lci sold 110,480 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total transaction of $8,701,404.80. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of H. Glenmede Trust Co. NA purchased a new stake in shares of Hyatt Hotels during the second quarter valued at $19,708,000. Renaissance Technologies LLC boosted its stake in shares of Hyatt Hotels by 21.3% during the second quarter. Renaissance Technologies LLC now owns 1,227,400 shares of the company’s stock valued at $94,694,000 after purchasing an additional 215,700 shares during the period. Baskin Financial Services Inc. purchased a new stake in shares of Hyatt Hotels during the third quarter valued at $13,891,000. Natixis boosted its stake in shares of Hyatt Hotels by 1,049.7% during the second quarter. Natixis now owns 138,500 shares of the company’s stock valued at $10,685,000 after purchasing an additional 126,453 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in Hyatt Hotels by 72.7% in the second quarter. OppenheimerFunds Inc. now owns 269,523 shares of the company’s stock worth $20,793,000 after acquiring an additional 113,488 shares during the period. 37.36% of the stock is owned by hedge funds and other institutional investors.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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