Hyatt Hotels Corporation (NYSE:H) was upgraded by equities researchers at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Monday.
Other equities research analysts have also recently issued research reports about the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $61.00 price objective on shares of Hyatt Hotels Corporation in a research report on Tuesday, October 17th. Wolfe Research upgraded shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Morgan Stanley boosted their price target on shares of Hyatt Hotels Corporation from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday. BidaskClub cut shares of Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, FBR & Co restated an “outperform” rating and issued a $66.00 price target (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Hyatt Hotels Corporation currently has a consensus rating of “Hold” and an average target price of $61.63.
Shares of Hyatt Hotels Corporation (H) opened at $67.36 on Monday. Hyatt Hotels Corporation has a one year low of $50.21 and a one year high of $70.48. The company has a market cap of $8,422.02, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 10.01 and a beta of 1.20. 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 (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 company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $0.47 EPS. equities analysts forecast that Hyatt Hotels Corporation will post 1.66 earnings per share for the current year.
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In other news, insider Don G.C. Trust #8 sold 42,146 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total transaction of $2,509,794.30. Following the completion of the sale, the insider now directly owns 42,146 shares of the company’s stock, valued at $2,509,794.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen G. Haggerty sold 46,869 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $61.77, for a total transaction of $2,895,098.13. Following the completion of the sale, the insider now directly owns 32,125 shares of the company’s stock, valued at $1,984,361.25. The disclosure for this sale can be found here. Insiders have sold 8,938,681 shares of company stock valued at $515,694,337 over the last three months. Insiders own 27.51% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in Hyatt Hotels Corporation by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after acquiring an additional 84 shares during the period. Amalgamated Bank lifted its stake in Hyatt Hotels Corporation by 2.0% in the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock worth $253,000 after acquiring an additional 91 shares during the period. Utah Retirement Systems lifted its stake in Hyatt Hotels Corporation by 1.7% in the second quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after acquiring an additional 100 shares during the period. State of Wisconsin Investment Board lifted its stake in Hyatt Hotels Corporation by 3.7% in the second quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock worth $377,000 after acquiring an additional 240 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Hyatt Hotels Corporation by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after acquiring an additional 272 shares during the period. 31.13% of the stock is owned by institutional investors.
About Hyatt Hotels Corporation
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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