Hyatt Hotels (NYSE:H) Raised to “Buy” at HSBC

Hyatt Hotels (NYSE:HGet Free Report) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a $212.00 price target on the stock. HSBC’s price objective suggests a potential upside of 12.19% from the company’s current price.

H has been the subject of a number of other reports. Mizuho upped their price objective on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Morgan Stanley upped their price objective on Hyatt Hotels from $195.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday. Sanford C. Bernstein upped their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.40.

Check Out Our Latest Report on Hyatt Hotels

Hyatt Hotels Trading Up 1.6%

Shares of H stock traded up $3.04 on Thursday, reaching $188.96. 359,043 shares of the stock were exchanged, compared to its average volume of 856,464. The stock has a market cap of $17.79 billion, a P/E ratio of -536.89 and a beta of 1.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The firm has a 50 day moving average of $163.76 and a two-hundred day moving average of $161.60. Hyatt Hotels has a 1-year low of $127.59 and a 1-year high of $190.00.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same period in the prior year, the firm posted $0.46 EPS. On average, research analysts anticipate that Hyatt Hotels will post 3.59 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Peter Sears sold 10,217 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the transaction, the insider owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the transaction, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. The trade was a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 237,458 shares of company stock valued at $40,093,807. Corporate insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several large investors have recently modified their holdings of H. Goldman Sachs Group Inc. lifted its position in shares of Hyatt Hotels by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after purchasing an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after purchasing an additional 11,252 shares during the last quarter. Norges Bank bought a new position in Hyatt Hotels in the second quarter worth about $616,000. Daiwa Securities Group Inc. lifted its holdings in Hyatt Hotels by 394.6% in the second quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after acquiring an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Hyatt Hotels by 61.0% in the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after acquiring an additional 26,073 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

(Get Free Report)

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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