H has been the topic of a number of other reports. MKM Partners raised shares of Hyatt Hotels from a neutral rating to a buy rating and set a $79.00 target price on the stock in a research report on Thursday, December 7th. Morgan Stanley raised their target price on shares of Hyatt Hotels from $63.00 to $67.00 and gave the stock an equal weight rating in a research report on Friday, November 3rd. Wells Fargo & Co raised shares of Hyatt Hotels from a market perform rating to an outperform rating and set a $76.00 target price on the stock in a research report on Monday, November 6th. Berenberg Bank raised shares of Hyatt Hotels from a hold rating to a buy rating and raised their target price for the stock from $69.20 to $78.00 in a research report on Friday, November 10th. Finally, 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 research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Hyatt Hotels currently has a consensus rating of Buy and an average price target of $73.85.
Shares of Hyatt Hotels (H) traded up $0.51 during midday trading on Tuesday, reaching $78.93. 961,237 shares of the company’s stock traded hands, compared to its average volume of 643,436. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $9,323.75, a P/E ratio of 47.55, a P/E/G ratio of 12.29 and a beta of 1.25. Hyatt Hotels has a twelve month low of $50.21 and a twelve month high of $79.20.
Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same quarter last year, the firm earned $0.47 earnings per share. research analysts predict that Hyatt Hotels will post 1.73 earnings per share for the current fiscal year.
Hyatt Hotels declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, insider Stephen G. Haggerty sold 46,869 shares of Hyatt Hotels stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $61.77, for a total transaction of $2,895,098.13. Following the transaction, the insider now directly owns 32,125 shares of the company’s stock, valued at $1,984,361.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Elsinore Trust sold 157,476 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $61.48, for a total transaction of $9,681,624.48. Following the transaction, the insider now directly owns 32,125 shares in the company, valued at $1,975,045. The disclosure for this sale can be found here. Over the last three months, insiders have sold 986,001 shares of company stock worth $67,260,348. 27.51% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new position in Hyatt Hotels in the second quarter worth $101,000. Prudential Financial Inc. purchased a new position in Hyatt Hotels in the third quarter worth $212,000. Federated Investors Inc. PA purchased a new position in Hyatt Hotels in the second quarter worth $216,000. The Manufacturers Life Insurance Company grew its holdings in Hyatt Hotels by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after purchasing an additional 272 shares during the last quarter. Finally, TLP Group LLC purchased a new position in Hyatt Hotels in the second quarter worth $254,000. 38.79% of the stock is currently owned by institutional investors.
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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).
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