Hyatt Hotels Co. (H) PT Raised to $59.00 at Stifel Nicolaus

Hyatt Hotels Co. (NYSE:H) had its target price raised by analysts at Stifel Nicolaus from $54.00 to $59.00 in a research report issued on Friday, May 5th. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 1.86% from the stock’s previous close.

Several other research analysts also recently commented on H. Guggenheim assumed coverage on Hyatt Hotels in a report on Wednesday, April 26th. They set a “neutral” rating on the stock. Morgan Stanley raised Hyatt Hotels from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $51.48 to $53.00 in a report on Tuesday, March 7th. Zacks Investment Research downgraded Hyatt Hotels from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. FBR & Co lifted their target price on Hyatt Hotels from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, March 20th. Finally, Berenberg Bank downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and lifted their target price for the stock from $54.50 to $60.00 in a report on Wednesday, January 25th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $53.20.

Analyst Recommendations for Hyatt Hotels (NYSE:H)

Shares of Hyatt Hotels (NYSE:H) traded up 0.57% during mid-day trading on Friday, reaching $58.25. The company’s stock had a trading volume of 300,497 shares. Hyatt Hotels has a 52-week low of $45.12 and a 52-week high of $59.30. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 32.16 and a beta of 1.34. The firm has a 50 day moving average price of $55.79 and a 200 day moving average price of $54.48.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.49. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.14 billion. Hyatt Hotels had a return on equity of 5.33% and a net margin of 4.49%. During the same quarter in the previous year, the company posted $0.25 EPS. On average, equities analysts predict that Hyatt Hotels will post $1.43 EPS for the current fiscal year.

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In other Hyatt Hotels news, insider Elsinore Trust sold 38,815 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $53.34, for a total transaction of $2,070,392.10. Following the completion of the sale, the insider now directly owns 338,479 shares of the company’s stock, valued at approximately $18,054,469.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider H. Charles Floyd sold 23,386 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $58.26, for a total value of $1,362,468.36. Following the sale, the insider now directly owns 59,263 shares of the company’s stock, valued at $3,452,662.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 211,068 shares of company stock worth $11,531,899. 25.50% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of H. Piedmont Investment Advisors LLC acquired a new position in Hyatt Hotels during the third quarter valued at about $603,000. Mason Capital Management LLC acquired a new position in Hyatt Hotels during the third quarter valued at about $27,924,000. Clinton Group Inc. raised its position in Hyatt Hotels by 8.4% in the third quarter. Clinton Group Inc. now owns 64,247 shares of the company’s stock valued at $3,162,000 after buying an additional 4,990 shares in the last quarter. UBS Group AG raised its position in Hyatt Hotels by 13.2% in the third quarter. UBS Group AG now owns 887,882 shares of the company’s stock valued at $43,701,000 after buying an additional 103,727 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Hyatt Hotels during the third quarter valued at about $238,000. 19.52% of the stock is owned by hedge funds and other 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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