Hyatt Hotels (NYSE:H) had its price target hoisted by equities researchers at Morgan Stanley from $81.00 to $82.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 2.85% from the company’s previous close.
Several other equities analysts have also weighed in on H. Robert W. Baird set a $70.00 target price on shares of Hyatt Hotels and gave the company a “buy” rating in a report on Sunday, October 29th. Wells Fargo & Co upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Monday, November 6th. B. Riley lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Monday, November 6th. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, November 6th. Finally, Berenberg Bank upgraded 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 report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Hyatt Hotels currently has a consensus rating of “Hold” and a consensus target price of $78.77.
Hyatt Hotels (H) opened at $79.73 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. The firm has a market cap of $9,480.00, a price-to-earnings ratio of 27.03, a P/E/G ratio of 12.33 and a beta of 1.31. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $82.50.
Hyatt Hotels (NYSE:H) last posted its earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Hyatt Hotels had a net margin of 5.31% and a return on equity of 5.94%. During the same quarter in the previous year, the business posted $0.29 EPS. research analysts forecast that Hyatt Hotels will post 1.5 earnings per share for the current fiscal year.
Hyatt Hotels declared that its Board of Directors has approved a share repurchase program on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, 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 completion of the sale, the insider now owns 600,000 shares of the company’s stock, valued at approximately $42,000,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the insider now directly owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. Insiders sold a total of 649,432 shares of company stock worth $45,536,570 in the last quarter. 27.51% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Hyatt Hotels by 13.9% in the 4th quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock worth $86,886,000 after purchasing an additional 144,212 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Hyatt Hotels by 19.2% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 122,500 shares of the company’s stock worth $9,008,000 after purchasing an additional 19,717 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Hyatt Hotels by 1.5% in the 4th quarter. TIAA CREF Investment Management LLC now owns 142,166 shares of the company’s stock worth $10,455,000 after purchasing an additional 2,118 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Hyatt Hotels by 4.2% in the 4th quarter. Teachers Advisors LLC now owns 95,540 shares of the company’s stock worth $7,026,000 after purchasing an additional 3,887 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Hyatt Hotels by 3.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 632,306 shares of the company’s stock worth $46,500,000 after purchasing an additional 18,706 shares during the last quarter. 37.47% of the stock is owned by institutional investors.
Hyatt Hotels 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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