Hyatt Hotels Co. (H) Receives Average Recommendation of “Hold” from Analysts

Hyatt Hotels Co. (NYSE:H) has been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $72.67.

Several research analysts have recently weighed in on H shares. Robert W. Baird set a $78.00 price target on shares of Hyatt Hotels and gave the company a “buy” rating in a report on Friday, December 15th. Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, December 14th. MKM Partners raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Thursday, December 7th. Berenberg Bank raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $69.20 to $78.00 in a research report on Friday, November 10th. Finally, Morgan Stanley boosted their price objective on shares of Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd.

In other Hyatt Hotels news, insider Stephen G. Haggerty sold 7,117 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $61.60, for a total transaction of $438,407.20. Following the sale, the insider now directly owns 57,326 shares of the company’s stock, valued at $3,531,281.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the sale, the insider now directly owns 300,655 shares in the company, valued at $21,508,858.70. The disclosure for this sale can be found here. In the last three months, insiders sold 986,001 shares of company stock worth $67,260,348. 27.51% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of H. Schwab Charles Investment Management Inc. raised its position in Hyatt Hotels by 8.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 145,543 shares of the company’s stock worth $8,181,000 after acquiring an additional 11,424 shares in the last quarter. State of Wisconsin Investment Board raised its position in Hyatt Hotels by 3.7% during 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Hyatt Hotels by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 192,137 shares of the company’s stock valued at $10,799,000 after purchasing an additional 4,123 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Hyatt Hotels by 9.4% in the second quarter. Legal & General Group Plc now owns 11,826 shares of the company’s stock valued at $665,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Federated Investors Inc. PA acquired a new position in shares of Hyatt Hotels in the second quarter valued at $216,000. 38.79% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels (NYSE H) traded up $1.77 during trading on Tuesday, hitting $74.99. 1,096,900 shares of the stock traded hands, compared to its average volume of 771,500. The firm has a market capitalization of $8,920.00, a PE ratio of 45.17, a PEG ratio of 12.80 and a beta of 1.25. Hyatt Hotels has a 12 month low of $50.21 and a 12 month high of $75.48. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same quarter in the prior year, the company earned $0.47 earnings per share. equities research analysts forecast that Hyatt Hotels will post 1.73 EPS for the current fiscal year.

Hyatt Hotels announced that its Board of Directors has approved a share buyback program on Thursday, December 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

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About Hyatt Hotels

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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