Hyatt Hotels’ (H) Buy Rating Reaffirmed at Robert W. Baird

Robert W. Baird restated their buy rating on shares of Hyatt Hotels (NYSE:H) in a research note released on Tuesday morning. They currently have a $84.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus lifted their price target on Hyatt Hotels from $61.00 to $67.00 and gave the stock a hold rating in a research note on Monday, November 6th. Morgan Stanley boosted their target price on Hyatt Hotels from $63.00 to $67.00 and gave the company an equal weight rating in a research note on Friday, November 3rd. Wolfe Research raised Hyatt Hotels from a market perform rating to an outperform rating in a research note on Thursday, December 21st. Citigroup raised Hyatt Hotels from a neutral rating to a buy rating and set a $82.00 target price for the company in a research note on Thursday, December 14th. Finally, MKM Partners raised Hyatt Hotels from a neutral rating to a buy rating and set a $79.00 target price for the company in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $73.85.

Shares of Hyatt Hotels (NYSE H) traded up $0.51 during mid-day trading on Tuesday, reaching $78.93. The company’s stock had a trading volume of 961,237 shares, compared to its average volume of 896,437. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06. Hyatt Hotels has a 52-week low of $50.21 and a 52-week high of $79.20. The company has a market capitalization of $9,140.00, a price-to-earnings ratio of 47.55, a P/E/G ratio of 12.80 and a beta of 1.25.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. 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 company posted $0.47 earnings per share. equities analysts expect that Hyatt Hotels will post 1.73 earnings per share for the current fiscal year.

Hyatt Hotels announced that its board has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, insider Mark Samuel Hoplamazian sold 49,173 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 300,655 shares in the company, valued at approximately $21,508,858.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider P.G. Penny Trust sold 600,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $42,000,000.00. Following the transaction, the insider now owns 600,000 shares in the company, valued at approximately $42,000,000. The disclosure for this sale can be found here. In the last three months, insiders sold 986,001 shares of company stock valued at $67,260,348. 27.51% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Cibc World Markets Corp purchased a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $37,099,000. Gruss Capital Management LP grew its holdings in shares of Hyatt Hotels by 316.1% during the 3rd quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock worth $39,855,000 after acquiring an additional 490,000 shares during the period. Koch Industries Inc. purchased a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $478,000. BNP Paribas Arbitrage SA grew its holdings in shares of Hyatt Hotels by 63.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,018,390 shares of the company’s stock worth $62,927,000 after acquiring an additional 393,424 shares during the period. Finally, Long Pond Capital LP grew its holdings in shares of Hyatt Hotels by 14.1% during the 3rd quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock worth $187,567,000 after acquiring an additional 374,704 shares during the period. Institutional investors own 38.79% of the company’s stock.

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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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