Hyatt Hotels Corporation (H) Raised to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Hyatt Hotels Corporation (NYSE:H) from a hold rating to a buy rating in a research note issued to investors on Friday, MarketBeat.com reports. Berenberg Bank currently has $78.00 price target on the stock, up from their previous price target of $69.20.

A number of other research analysts have also recently commented on H. BidaskClub cut Hyatt Hotels Corporation from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Deutsche Bank AG restated a hold rating and issued a $60.00 target price (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. FBR & Co restated an outperform rating and issued a $66.00 target price (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Robert W. Baird restated a buy rating and issued a $68.00 target price on shares of Hyatt Hotels Corporation in a research note on Friday, September 8th. Finally, SunTrust Banks, Inc. restated a hold rating and issued a $61.00 target price on shares of Hyatt Hotels Corporation in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Hyatt Hotels Corporation has a consensus rating of Hold and a consensus price target of $66.50.

Hyatt Hotels Corporation (NYSE:H) traded up $0.63 on Friday, hitting $69.83. The stock had a trading volume of 1,049,600 shares, compared to its average volume of 749,535. The stock has a market cap of $8,490.42, a PE ratio of 38.79, a PEG ratio of 10.16 and a beta of 1.20. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Hyatt Hotels Corporation has a 52 week low of $50.21 and a 52 week high of $70.95.

Hyatt Hotels Corporation (NYSE:H) last released its earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels Corporation had a return on equity of 6.13% and a net margin of 4.66%. During the same quarter last year, the business posted $0.47 EPS. sell-side analysts predict that Hyatt Hotels Corporation will post 1.69 EPS for the current fiscal year.

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In related news, insider Stephen G. Haggerty sold 7,117 shares of Hyatt Hotels Corporation stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $61.60, for a total value of $438,407.20. Following the completion of the sale, the insider now owns 57,326 shares of the company’s stock, valued at $3,531,281.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen G. Haggerty sold 46,869 shares of Hyatt Hotels Corporation stock in a transaction on Monday, October 16th. The shares were sold at an average price of $61.77, for a total value of $2,895,098.13. Following the transaction, the insider now owns 32,125 shares in the company, valued at $1,984,361.25. The disclosure for this sale can be found here. In the last three months, insiders sold 242,485 shares of company stock valued at $14,884,343. Corporate insiders own 27.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Hyatt Hotels Corporation by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 333,305 shares of the company’s stock valued at $20,594,000 after purchasing an additional 19,029 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Hyatt Hotels Corporation by 36.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 198,516 shares of the company’s stock valued at $12,267,000 after purchasing an additional 52,973 shares in the last quarter. Wells Fargo & Company MN lifted its position in Hyatt Hotels Corporation by 14.9% during the third quarter. Wells Fargo & Company MN now owns 444,966 shares of the company’s stock valued at $27,495,000 after purchasing an additional 57,686 shares in the last quarter. Amalgamated Bank lifted its position in Hyatt Hotels Corporation by 37.7% during the third quarter. Amalgamated Bank now owns 8,382 shares of the company’s stock valued at $518,000 after purchasing an additional 2,297 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its position in Hyatt Hotels Corporation by 489.3% during the third quarter. Picton Mahoney Asset Management now owns 44,200 shares of the company’s stock valued at $2,731,000 after purchasing an additional 36,700 shares in the last quarter. Institutional investors own 31.46% of the company’s stock.

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).

Analyst Recommendations for Hyatt Hotels Corporation (NYSE:H)

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