Hyatt Hotels Corporation (H) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have earned an average recommendation of “Hold” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $57.40.

A number of brokerages recently commented on H. FBR & Co reiterated an “outperform” rating and set a $66.00 target price (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 set a $60.00 target price (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels Corporation in a research note on Friday. Finally, Wolfe Research upgraded shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th.

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Hyatt Hotels Corporation (NYSE H) traded up 0.82% during mid-day trading on Wednesday, hitting $60.05. The stock had a trading volume of 607,579 shares. The firm has a 50-day moving average of $57.42 and a 200-day moving average of $55.87. The stock has a market cap of $7.51 billion, a P/E ratio of 30.12 and a beta of 1.25. Hyatt Hotels Corporation has a 52-week low of $47.94 and a 52-week high of $61.07.

Hyatt Hotels Corporation (NYSE:H) last issued its earnings results on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, analysts forecast that Hyatt Hotels Corporation will post $1.60 EPS for the current fiscal year.

In other news, insider Peter Sears sold 9,059 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $59.29, for a total value of $537,108.11. Following the completion of the sale, the insider now directly owns 8,292 shares of the company’s stock, valued at $491,632.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Don G.C. Trust #8 sold 42,146 shares of the company’s 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 sale, the insider now directly owns 42,146 shares of the company’s stock, valued at $2,509,794.30. The disclosure for this sale can be found here. Insiders sold 8,713,219 shares of company stock valued at $501,819,287 over the last ninety days. Corporate insiders own 27.51% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Hyatt Hotels Corporation by 19.5% in the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock valued at $155,055,000 after buying an additional 469,675 shares during the last quarter. Morgan Stanley raised its holdings in shares of Hyatt Hotels Corporation by 85.5% in the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock valued at $141,682,000 after buying an additional 1,209,744 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Hyatt Hotels Corporation by 8.5% in the first quarter. Wellington Management Group LLP now owns 1,657,114 shares of the company’s stock valued at $89,451,000 after buying an additional 129,225 shares during the last quarter. Marshall Wace North America L.P. raised its holdings in shares of Hyatt Hotels Corporation by 35.8% in the second quarter. Marshall Wace North America L.P. now owns 952,368 shares of the company’s stock valued at $53,333,000 after buying an additional 251,253 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Hyatt Hotels Corporation during the first quarter worth about $37,860,000. 30.68% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Corporation 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).

Analyst Recommendations for Hyatt Hotels Corporation (NYSE:H)

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