Hyatt Hotels (NYSE:H) received a $89.00 target price from research analysts at Macquarie in a report released on Tuesday, TipRanks reports. The brokerage presently has a “buy” rating on the stock. Macquarie’s price target indicates a potential upside of 17.71% from the stock’s previous close.
A number of other brokerages have also weighed in on H. ValuEngine lowered Hyatt Hotels from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st. Wells Fargo & Co reissued a “hold” rating on shares of Hyatt Hotels in a research note on Tuesday, July 23rd. Goldman Sachs Group raised Hyatt Hotels from a “neutral” rating to a “buy” rating and increased their target price for the stock from $88.00 to $91.00 in a research report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 target price on shares of Hyatt Hotels in a research report on Monday, September 9th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $75.00 target price on shares of Hyatt Hotels in a research report on Thursday, August 1st. Fifteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.89.
NYSE:H traded down $1.14 during trading hours on Tuesday, reaching $75.61. 667,742 shares of the company traded hands, compared to its average volume of 588,931. The firm’s 50-day moving average is $74.47 and its 200-day moving average is $75.17. The stock has a market cap of $8.00 billion, a P/E ratio of 38.19, a P/E/G ratio of 5.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.16. Hyatt Hotels has a 1-year low of $63.45 and a 1-year high of $81.57.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Hyatt Hotels had a return on equity of 6.34% and a net margin of 9.07%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company posted $0.72 EPS. As a group, research analysts predict that Hyatt Hotels will post 1.88 earnings per share for the current year.
In other news, insider H. Charles Floyd sold 6,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $78.00, for a total transaction of $507,000.00. Following the completion of the sale, the insider now directly owns 41,475 shares in the company, valued at $3,235,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Udell sold 4,337 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $72.06, for a total value of $312,524.22. The disclosure for this sale can be found here. 24.70% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Toronto Dominion Bank acquired a new position in Hyatt Hotels in the second quarter worth about $54,000. Tower Research Capital LLC TRC grew its stake in Hyatt Hotels by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,080 shares of the company’s stock worth $82,000 after purchasing an additional 691 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Hyatt Hotels in the first quarter worth about $98,000. Advisors Asset Management Inc. lifted its holdings in Hyatt Hotels by 65.4% in the first quarter. Advisors Asset Management Inc. now owns 1,591 shares of the company’s stock worth $115,000 after acquiring an additional 629 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its holdings in Hyatt Hotels by 41.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,632 shares of the company’s stock worth $118,000 after acquiring an additional 475 shares during the last quarter. Institutional investors and hedge funds own 37.54% of the company’s stock.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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