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.
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.
COPYRIGHT VIOLATION WARNING: This report was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://sportsperspectives.com/2017/05/19/hyatt-hotels-co-h-pt-raised-to-59-00-at-stifel-nicolaus-updated.html.
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).
Receive News & Ratings for Hyatt Hotels Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels Co. and related companies with MarketBeat.com's FREE daily email newsletter.