Hyatt Hotels Corporation (NYSE:H)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a research note issued to investors on Friday. They presently have a $68.00 price objective on the stock. Robert W. Baird’s price target indicates a potential upside of 14.17% from the stock’s current price.
H has been the subject of a number of other research reports. FBR & Co reiterated an “outperform” rating and issued a $66.00 price target (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and issued a $60.00 price target (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. Finally, Stifel Nicolaus increased their price target on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.76.
Hyatt Hotels Corporation (H) opened at 59.56 on Friday. The stock has a market capitalization of $7.45 billion, a PE ratio of 29.87 and a beta of 1.25. The stock has a 50 day moving average price of $57.35 and a 200 day moving average price of $55.79. Hyatt Hotels Corporation has a 12 month low of $47.94 and a 12 month high of $61.07.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.35 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same period in the prior year, the business posted $0.64 EPS. On average, equities research analysts forecast that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
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In related news, Director Richard A. Friedman sold 8,654,050 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $57.58, for a total value of $498,300,199.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Don G.C. Trust #8 sold 42,146 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total transaction of $2,509,794.30. Following the completion of the transaction, the insider now directly owns 42,146 shares of the company’s stock, valued at approximately $2,509,794.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,704,160 shares of company stock valued at $501,282,179. Company insiders own 27.51% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in shares of Hyatt Hotels Corporation by 85.5% in the 1st quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock valued at $141,682,000 after acquiring an additional 1,209,744 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Hyatt Hotels Corporation by 2.0% in the 1st quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after acquiring an additional 91 shares during the last quarter. BTIM Corp. lifted its holdings in shares of Hyatt Hotels Corporation by 44.2% in the 2nd quarter. BTIM Corp. now owns 57,985 shares of the company’s stock valued at $3,259,000 after acquiring an additional 17,785 shares during the last quarter. Credit Agricole S A bought a new position in shares of Hyatt Hotels Corporation in the 1st quarter valued at about $1,809,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels Corporation by 14.4% in the 1st quarter. Principal Financial Group Inc. now owns 7,956 shares of the company’s stock valued at $429,000 after acquiring an additional 1,002 shares during the last quarter. 30.68% of the stock is owned by hedge funds and other institutional investors.
About Hyatt Hotels Corporation
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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