Hyatt Hotels (H) Upgraded to “Outperform” at Wolfe Research
Wolfe Research upgraded shares of Hyatt Hotels (NYSE:H) from a market perform rating to an outperform rating in a research note released on Thursday morning, The Fly reports.
A number of other research analysts also recently issued reports on H. Robert W. Baird reiterated a buy rating and set a $68.00 target price on shares of Hyatt Hotels in a research report on Friday, September 8th. SunTrust Banks restated a hold rating and set a $61.00 price target on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Morgan Stanley boosted their price target on shares of Hyatt Hotels from $63.00 to $67.00 and gave the company an equal weight rating in a research note on Friday, November 3rd. Wells Fargo & Co upgraded shares of Hyatt Hotels from a market perform rating to an outperform rating and set a $76.00 price target for the company in a research note on Monday, November 6th. Finally, B. Riley lowered shares of Hyatt Hotels from a buy rating to a neutral rating and set a $70.00 price target for the company. in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $71.27.
Hyatt Hotels (H) opened at $72.96 on Thursday. The stock has a market cap of $8,670.00, a P/E ratio of 43.95, a PEG ratio of 10.43 and a beta of 1.25. Hyatt Hotels has a 1 year low of $50.21 and a 1 year high of $73.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04.
Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $0.47 EPS. equities research analysts forecast that Hyatt Hotels will post 1.73 earnings per share for the current fiscal year.
Hyatt Hotels declared that its board has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In related news, insider Elsinore Trust sold 157,476 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 32,125 shares in the company, valued at $1,975,045. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the transaction, the insider now owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 996,001 shares of company stock valued at $67,874,548. 27.51% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. lifted its holdings in shares of Hyatt Hotels by 121.4% in the third quarter. Fox Run Management L.L.C. now owns 25,900 shares of the company’s stock worth $1,600,000 after buying an additional 14,200 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Hyatt Hotels by 14.9% in the second quarter. Goldman Sachs Group Inc. now owns 501,089 shares of the company’s stock worth $28,167,000 after buying an additional 65,031 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Hyatt Hotels in the second quarter worth about $478,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hyatt Hotels by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 145,543 shares of the company’s stock worth $8,181,000 after buying an additional 11,424 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Hyatt Hotels by 162.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,510 shares of the company’s stock worth $1,714,000 after buying an additional 18,879 shares in the last quarter. 38.79% of the stock is currently owned by institutional investors and hedge funds.
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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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