Hyatt Hotels Corporation (H) Lowered to Neutral at B. Riley

Hyatt Hotels Corporation (NYSE:H) was downgraded by research analysts at B. Riley from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $70.00 target price on the stock. B. Riley’s price objective would indicate a potential upside of 3.92% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $68.00 price target on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. BidaskClub lowered shares of Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $61.00 price target on shares of Hyatt Hotels Corporation in a report on Tuesday, October 17th. Finally, Morgan Stanley boosted their price target on shares of Hyatt Hotels Corporation from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $62.56.

Shares of Hyatt Hotels Corporation (H) opened at $67.36 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Hyatt Hotels Corporation has a fifty-two week low of $50.21 and a fifty-two week high of $70.48. The company has a market cap of $8,422.02, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 10.01 and a beta of 1.20.

Hyatt Hotels Corporation (NYSE:H) last released its earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Hyatt Hotels Corporation had a net margin of 4.66% and a return on equity of 6.13%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $0.47 EPS. equities analysts forecast that Hyatt Hotels Corporation will post 1.66 earnings per share for the current fiscal year.

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In other Hyatt Hotels Corporation news, insider Don G.C. Trust #8 sold 42,146 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total value of $2,509,794.30. Following the transaction, the insider now directly owns 42,146 shares of the company’s stock, valued at approximately $2,509,794.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen G. Haggerty sold 46,869 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $61.77, for a total transaction of $2,895,098.13. Following the completion of the transaction, the insider now directly owns 32,125 shares in the company, valued at $1,984,361.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,938,681 shares of company stock worth $515,694,337. 27.51% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in shares of Hyatt Hotels Corporation by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after purchasing an additional 84 shares in the last quarter. Amalgamated Bank grew its position in shares of Hyatt Hotels Corporation by 2.0% during the 1st quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock worth $253,000 after purchasing an additional 91 shares in the last quarter. Utah Retirement Systems grew its position in shares of Hyatt Hotels Corporation by 1.7% during the 2nd quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after purchasing an additional 100 shares in the last quarter. State of Wisconsin Investment Board grew its position in shares of Hyatt Hotels Corporation by 3.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock worth $377,000 after purchasing an additional 240 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Hyatt Hotels Corporation by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 31.13% of the company’s stock.

Hyatt Hotels Corporation 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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