Hyatt Hotels Corporation’s (NYSE:H) Outperform Rating Reiterated at FBR & Co
Hyatt Hotels Corporation (NYSE:H)‘s stock had its “outperform” rating restated by investment analysts at FBR & Co in a research report issued on Wednesday. They presently have a $66.00 price objective on the stock, up from their previous price objective of $63.00. FBR & Co’s price target indicates a potential upside of 15.18% from the company’s current price.
Several other brokerages have also issued reports on H. Deutsche Bank AG reiterated a “hold” rating and issued a $60.00 price objective (up from $59.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday. Stifel Nicolaus upped their price target on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research report on Monday, May 15th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Hyatt Hotels Corporation in a research report on Thursday, May 11th. Guggenheim assumed coverage on Hyatt Hotels Corporation in a research report on Wednesday, April 26th. They set a “neutral” rating for the company. Finally, BidaskClub raised Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Hyatt Hotels Corporation presently has an average rating of “Hold” and a consensus price target of $56.46.
Hyatt Hotels Corporation (NYSE H) traded down 2.78% during mid-day trading on Wednesday, hitting $57.30. 5,236,719 shares of the company traded hands. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 31.64 and a beta of 1.28. The company’s 50-day moving average price is $56.16 and its 200 day moving average price is $55.27. Hyatt Hotels Corporation has a one year low of $47.94 and a one year high of $59.30.
Hyatt Hotels Corporation (NYSE:H) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts anticipate that Hyatt Hotels Corporation will post $1.59 earnings per share for the current fiscal year.
Hyatt Hotels Corporation announced that its board has approved a stock repurchase plan on Thursday, May 4th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
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In other news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $57.53, for a total value of $230,120,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 25.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Cipher Capital LP boosted its stake in Hyatt Hotels Corporation by 61.6% in the second quarter. Cipher Capital LP now owns 62,755 shares of the company’s stock worth $3,528,000 after buying an additional 23,930 shares during the period. Pacer Advisors Inc. boosted its stake in Hyatt Hotels Corporation by 26.4% in the second quarter. Pacer Advisors Inc. now owns 6,411 shares of the company’s stock worth $360,000 after buying an additional 1,341 shares during the period. Utah Retirement Systems boosted its stake in Hyatt Hotels Corporation by 1.7% in the second quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after buying an additional 100 shares during the period. Airain ltd acquired a new stake in Hyatt Hotels Corporation during the second quarter worth $1,766,000. Finally, Victory Capital Management Inc. boosted its stake in Hyatt Hotels Corporation by 21.3% in the second quarter. Victory Capital Management Inc. now owns 30,853 shares of the company’s stock worth $1,734,000 after buying an additional 5,414 shares during the period. 31.05% of the stock is owned by institutional investors.
Hyatt Hotels Corporation 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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