Todays Report: Today, FY2017 EPS Estimates for Hyatt Hotels Corp. (H) Boosted by Clsa Americas

Today, FY2017 EPS Estimates for Hyatt Hotels Corp. (H) Boosted by Clsa Americas

Hyatt Hotels Corp. (NYSE:H) – Research analysts at Clsa Americas lifted their FY2017 earnings estimates for Hyatt Hotels Corp. in a report issued on Wednesday. Clsa Americas analyst J. Oh now expects that the firm will post earnings per share of $1.64 for the year, up from their prior forecast of $1.53.

Hyatt Hotels Corp. (NYSE:H) last released its earnings results on Thursday, November 3rd. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ 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.

H has been the subject of a number of other reports. Zacks Investment Research downgraded Hyatt Hotels Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. Vetr downgraded Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 price target for the company. in a research report on Thursday, August 25th. downgraded Hyatt Hotels Corp. from an “outperform” rating to an “underperform” rating in a research report on Wednesday, November 2nd. Morgan Stanley downgraded Hyatt Hotels Corp. from an “equal weight” rating to an “underweight” rating and set a $46.00 price target for the company. in a research report on Monday, September 26th. Finally, Nomura downgraded Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 25th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.66.

Shares of Hyatt Hotels Corp. (NYSE:H) opened at 52.99 on Thursday. The stock has a 50 day moving average of $51.17 and a 200-day moving average of $50.37. Hyatt Hotels Corp. has a 52-week low of $34.06 and a 52-week high of $54.82. The stock has a market capitalization of $6.93 billion, a P/E ratio of 36.07 and a beta of 1.41.

In other news, major shareholder Gregory Boyd Penner sold 136,176 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $54.18, for a total transaction of $7,378,015.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.50% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of H. Legal & General Group Plc increased its stake in Hyatt Hotels Corp. by 3.1% in the second quarter. Legal & General Group Plc now owns 3,217 shares of the company’s stock worth $158,000 after buying an additional 97 shares during the period. Brave Asset Management Inc purchased a new stake in Hyatt Hotels Corp. during the second quarter worth approximately $167,000. The Manufacturers Life Insurance Company purchased a new stake in Hyatt Hotels Corp. during the third quarter worth approximately $188,000. Pacer Advisors Inc. increased its stake in Hyatt Hotels Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 4,062 shares of the company’s stock worth $199,000 after buying an additional 3,386 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in Hyatt Hotels Corp. during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 18.82% of the company’s stock.

About Hyatt Hotels Corp.

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