Hyatt Hotels Corp. (H) Given a $43.00 Price Target by MKM Partners Analysts
Several other equities analysts also recently weighed in on the stock. FBR & Co set a $61.00 price target on shares of Hyatt Hotels Corp. and gave the stock a buy rating in a report on Thursday, November 24th. TheStreet lowered Hyatt Hotels Corp. from a buy rating to a hold rating in a research report on Monday, November 7th. lowered Hyatt Hotels Corp. from an outperform rating to an underperform rating in a research report on Wednesday, November 2nd. Zacks Investment Research upgraded Hyatt Hotels Corp. from a sell rating to a hold rating in a research report on Friday, October 28th. Finally, Nomura lowered Hyatt Hotels Corp. from a buy rating to a neutral rating in a research report on Tuesday, October 25th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $51.29.
Hyatt Hotels Corp. (NYSE:H) opened at 52.77 on Thursday. The stock has a market cap of $6.91 billion, a P/E ratio of 35.92 and a beta of 1.41. The company has a 50 day moving average of $51.39 and a 200-day moving average of $50.44. Hyatt Hotels Corp. has a 12-month low of $34.06 and a 12-month high of $54.82.
Hyatt Hotels Corp. (NYSE:H) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.18. Hyatt Hotels Corp. had a net margin of 4.49% and a return on equity of 5.33%. During the same period in the prior year, the firm posted $0.30 EPS. Equities analysts forecast that Hyatt Hotels Corp. will post $1.63 earnings per share for the current year.
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In other Hyatt Hotels Corp. news, major shareholder Gregory Boyd Penner sold 130,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $52.41, for a total value of $6,813,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 25.50% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. HighTower Advisors LLC increased its stake in shares of Hyatt Hotels Corp. by 3.4% in the second quarter. HighTower Advisors LLC now owns 26,221 shares of the company’s stock worth $1,303,000 after buying an additional 850 shares during the last quarter. BlackRock Inc. increased its stake in shares of Hyatt Hotels Corp. by 62.7% in the second quarter. BlackRock Inc. now owns 11,140 shares of the company’s stock worth $547,000 after buying an additional 4,291 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hyatt Hotels Corp. by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 198,851 shares of the company’s stock worth $9,770,000 after buying an additional 21,506 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Hyatt Hotels Corp. by 5.6% in the second quarter. Victory Capital Management Inc. now owns 16,158 shares of the company’s stock worth $794,000 after buying an additional 859 shares during the last quarter. Finally, Brave Asset Management Inc acquired a new stake in shares of Hyatt Hotels Corp. during the second quarter worth about $167,000. 18.99% of the stock is owned by hedge funds and other institutional investors.
Hyatt Hotels Corp. 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, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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