Shares of Hyatt Hotels Co. (NYSE:H) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $79.90.
A number of equities analysts have recently issued reports on H shares. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th. Wells Fargo & Co reiterated a “hold” rating and set a $70.00 price objective on shares of Church & Dwight in a research note on Thursday, May 2nd. Finally, Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the company a “buy” rating in a research note on Thursday, March 28th.
In other Hyatt Hotels news, insider H. Charles Floyd sold 5,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $76.48, for a total value of $382,400.00. Following the completion of the transaction, the insider now owns 52,975 shares of the company’s stock, valued at $4,051,528. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan D. Kronick sold 1,934 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $77.67, for a total transaction of $150,213.78. Following the completion of the transaction, the director now directly owns 37,497 shares of the company’s stock, valued at approximately $2,912,391.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,096 shares of company stock valued at $1,325,250. 24.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC purchased a new position in shares of Hyatt Hotels during the first quarter worth $28,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Hyatt Hotels during the first quarter worth $43,000. NumerixS Investment Technologies Inc purchased a new position in shares of Hyatt Hotels during the fourth quarter worth $61,000. Marshall Wace North America L.P. purchased a new position in shares of Hyatt Hotels during the first quarter worth $98,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Hyatt Hotels by 65.4% during the first quarter. Advisors Asset Management Inc. now owns 1,591 shares of the company’s stock worth $115,000 after purchasing an additional 629 shares during the last quarter. 36.96% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE H traded down $0.88 during midday trading on Friday, reaching $78.43. 13,813 shares of the company’s stock traded hands, compared to its average volume of 424,538. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.17 and a current ratio of 1.18. The stock’s 50 day moving average is $75.31. Hyatt Hotels has a one year low of $63.45 and a one year high of $83.28. The stock has a market cap of $8.50 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 9.69 and a beta of 1.06.
Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.24. Hyatt Hotels had a net margin of 9.18% and a return on equity of 6.37%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts predict that Hyatt Hotels will post 1.49 EPS for the current fiscal year.
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 through 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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