Hyatt Hotels (NYSE:H)‘s stock had its “buy” rating restated by equities research analysts at Robert W. Baird in a research report issued on Tuesday, January 9th. They currently have a $84.00 price objective on the stock. Robert W. Baird’s price objective points to a potential upside of 5.34% from the stock’s previous close.
H has been the topic of a number of other reports. SunTrust Banks reissued a “hold” rating and set a $61.00 target price on shares of Hyatt Hotels in a report on Tuesday, October 17th. Berenberg Bank raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.20 to $78.00 in a report on Friday, November 10th. Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, December 14th. Morgan Stanley increased their target price on shares of Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, Stifel Nicolaus increased their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.85.
Hyatt Hotels (NYSE H) traded up $1.26 during midday trading on Tuesday, reaching $79.74. 508,987 shares of the company’s stock were exchanged, compared to its average volume of 912,207. Hyatt Hotels has a 12-month low of $50.21 and a 12-month high of $80.18. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market cap of $9,239.33, a P/E ratio of 48.04, a price-to-earnings-growth ratio of 12.17 and a beta of 1.25.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.47 EPS. research analysts predict that Hyatt Hotels will post 1.73 EPS for the current fiscal year.
Hyatt Hotels announced that its board has authorized a share buyback program on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, insider P.G. Penny Trust sold 600,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $42,000,000.00. Following the completion of the transaction, the insider now owns 600,000 shares in the company, valued at approximately $42,000,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elsinore Trust sold 111,003 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $69.56, for a total transaction of $7,721,368.68. Following the completion of the transaction, the insider now owns 40,878 shares of the company’s stock, valued at approximately $2,843,473.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 774,539 shares of company stock worth $54,245,219. Corporate insiders own 27.51% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Bamco Inc. NY boosted its position in shares of Hyatt Hotels by 0.4% during the 3rd quarter. Bamco Inc. NY now owns 4,456,997 shares of the company’s stock valued at $275,398,000 after purchasing an additional 17,660 shares in the last quarter. Long Pond Capital LP boosted its position in shares of Hyatt Hotels by 14.1% during the 3rd quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock valued at $187,567,000 after purchasing an additional 374,704 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Hyatt Hotels by 63.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,018,390 shares of the company’s stock valued at $62,927,000 after purchasing an additional 393,424 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Hyatt Hotels during the 2nd quarter valued at about $37,099,000. Finally, Gruss Capital Management LP boosted its holdings in shares of Hyatt Hotels by 316.1% in the third quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock worth $39,855,000 after buying an additional 490,000 shares during the period. Institutional investors own 38.78% of the company’s stock.
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About Hyatt Hotels
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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