Shares of Hyatt Hotels Co. (NYSE:H) have received a consensus rating of “Hold” from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $82.41.
A number of research firms recently weighed in on H. Jefferies Financial Group reissued a “hold” rating and issued a $76.00 price objective on shares of Hyatt Hotels in a research report on Friday. SunTrust Banks reduced their price objective on shares of Hyatt Hotels to $78.00 and set a “hold” rating on the stock in a research report on Thursday. Deutsche Bank reduced their price objective on shares of Hyatt Hotels from $83.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday. Wells Fargo & Co reduced their price objective on shares of Hyatt Hotels from $92.00 to $79.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, B. Riley reduced 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.
Shares of NYSE:H opened at $71.43 on Monday. The company has a quick ratio of 2.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.41. 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 P/E ratio of 40.13, a price-to-earnings-growth ratio of 4.76 and a beta of 1.28.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $0.26 EPS. On average, sell-side analysts forecast that Hyatt Hotels will post 1.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 33.71%.
In other news, insider H Co Lp Lci sold 110,480 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider 8-26-22 Gp Llc sold 196,719 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $78.09, for a total transaction of $15,361,786.71. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at $7,809,000. The disclosure for this sale can be found here. Company insiders own 18.40% of the company’s stock.
Several large investors have recently modified their holdings of the company. Cutler Group LP purchased a new position in Hyatt Hotels during the second quarter valued at approximately $154,000. Point72 Hong Kong Ltd increased its holdings in Hyatt Hotels by 54.7% during the second quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock valued at $195,000 after buying an additional 892 shares during the period. CAPROCK Group Inc. purchased a new position in Hyatt Hotels during the third quarter valued at approximately $203,000. Intrust Bank NA purchased a new position in Hyatt Hotels during the second quarter valued at approximately $210,000. Finally, Vident Investment Advisory LLC purchased a new position in Hyatt Hotels during the second quarter valued at approximately $225,000. 37.38% of the stock is currently owned by institutional investors and hedge funds.
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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