Hyatt Hotels (NYSE:H) had its price target lowered by Deutsche Bank from $83.00 to $75.00 in a report published on Thursday. The firm currently has a hold rating on the stock.
Several other brokerages also recently weighed in on H. B. Riley decreased their price target on Hyatt Hotels from $84.00 to $77.00 and set a hold rating for the company in a report on Thursday. Zacks Investment Research raised Hyatt Hotels from a hold rating to a buy rating and set a $90.00 price target for the company in a report on Monday, July 9th. Wells Fargo & Co decreased their price target on Hyatt Hotels from $92.00 to $79.00 and set an outperform rating for the company in a report on Thursday. Jefferies Financial Group reaffirmed a hold rating and set a $84.00 price target on shares of Hyatt Hotels in a report on Thursday, October 4th. Finally, Nomura decreased their price target on Hyatt Hotels from $85.00 to $73.00 and set a neutral rating for the company in a report on Wednesday, October 31st. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $82.41.
H stock opened at $71.43 on Thursday. The company has a market capitalization of $7.95 billion, a PE ratio of 40.13, a PEG ratio of 4.76 and a beta of 1.28. Hyatt Hotels has a twelve month low of $64.82 and a twelve month high of $84.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.17 and a quick ratio of 2.15.
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, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a return on equity of 4.95% and a net margin of 17.80%. During the same period in the prior year, the company earned $0.26 earnings per share. On average, sell-side analysts predict that Hyatt Hotels will post 1.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 33.71%.
In other news, insider 8-26-22 Gp Llc sold 196,719 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $78.09, for a total value of $15,361,786.71. Following the completion of the transaction, the insider now owns 100,000 shares in the company, valued at $7,809,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider H Co Lp Lci sold 110,480 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total value of $8,701,404.80. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in H. Millennium Management LLC increased its position in Hyatt Hotels by 3.8% during the 2nd quarter. Millennium Management LLC now owns 1,774,271 shares of the company’s stock worth $136,885,000 after purchasing an additional 65,138 shares in the last quarter. Renaissance Technologies LLC increased its position in Hyatt Hotels by 21.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,227,400 shares of the company’s stock worth $94,694,000 after purchasing an additional 215,700 shares in the last quarter. Congress Asset Management Co. MA increased its position in Hyatt Hotels by 0.7% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,083,701 shares of the company’s stock worth $86,252,000 after purchasing an additional 7,450 shares in the last quarter. Select Equity Group L.P. increased its position in Hyatt Hotels by 10.5% during the 2nd quarter. Select Equity Group L.P. now owns 697,712 shares of the company’s stock worth $53,828,000 after purchasing an additional 66,529 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Hyatt Hotels by 17.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 562,350 shares of the company’s stock worth $43,385,000 after purchasing an additional 84,760 shares in the last quarter. Institutional investors and hedge funds own 37.38% of the company’s stock.
About Hyatt Hotels
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.
See Also: Return on Investment (ROI)
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