Hyatt Hotels Co. (NYSE:H) has earned a consensus recommendation of “Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $85.54.
A number of research firms recently weighed in on H. Longbow Research began coverage on shares of Hyatt Hotels in a research report on Friday, September 7th. They issued a “buy” rating and a $99.00 target price for the company. Citigroup raised their target price on shares of Hyatt Hotels from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Jefferies Financial Group began coverage on shares of Hyatt Hotels in a research report on Thursday, May 31st. They issued a “hold” rating and a $85.00 target price for the company. Zacks Investment Research downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. Finally, Berenberg Bank downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and raised their target price for the company from $83.00 to $87.50 in a research report on Thursday, July 19th.
Shares of NYSE:H traded up $0.03 during midday trading on Friday, reaching $77.29. 642,552 shares of the company were exchanged, compared to its average volume of 501,703. Hyatt Hotels has a fifty-two week low of $60.08 and a fifty-two week high of $84.89. The company has a quick ratio of 1.87, a current ratio of 1.89 and a debt-to-equity ratio of 0.39. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 4.85 and a beta of 1.23.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, September 5th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 33.71%.
In other news, insider H Co Lp Lci sold 110,480 shares of Hyatt Hotels stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total value of $8,701,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in H. Security Capital Research & Management Inc. raised its stake in Hyatt Hotels by 23.9% in the 2nd quarter. Security Capital Research & Management Inc. now owns 271,475 shares of the company’s stock worth $20,944,000 after purchasing an additional 52,450 shares in the last quarter. HAP Trading LLC acquired a new stake in Hyatt Hotels in the 1st quarter worth about $1,618,000. Schwab Charles Investment Management Inc. raised its stake in Hyatt Hotels by 11.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 234,313 shares of the company’s stock worth $17,869,000 after purchasing an additional 23,852 shares in the last quarter. Parametrica Management Ltd raised its position in shares of Hyatt Hotels by 52.4% in the 2nd quarter. Parametrica Management Ltd now owns 6,399 shares of the company’s stock valued at $494,000 after buying an additional 2,200 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in shares of Hyatt Hotels in the 2nd quarter valued at approximately $2,496,000. 37.19% of the stock is owned by institutional investors.
Hyatt Hotels Company Profile
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.
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