Today, FBR & Co Reiterates $61.00 Price Target for Hyatt Hotels Corp. (H)

Today, FBR & Co Reiterates $61.00 Price Target for Hyatt Hotels Corp. (H)
Hyatt Hotels Corp. (NYSE:H) has been assigned a $61.00 price objective by investment analysts at FBR & Co in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. FBR & Co’s target price suggests a potential upside of 12.90% from the company’s previous close.

A number of other research firms also recently commented on H. Morgan Stanley reiterated a “hold” rating and set a $49.00 target price on shares of Hyatt Hotels Corp. in a research report on Monday, August 15th. Zacks Investment Research upgraded Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Nomura downgraded Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 25th. Vetr downgraded Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 target price for the company. in a research report on Thursday, August 25th. Finally, Goldman Sachs Group Inc. started coverage on Hyatt Hotels Corp. in a research report on Monday, September 26th. They set a “neutral” rating and a $50.00 target price for the company. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Hyatt Hotels Corp. currently has an average rating of “Hold” and an average price target of $51.60.

Shares of Hyatt Hotels Corp. (NYSE:H) traded up 1.96% on Thursday, hitting $54.03. 470,450 shares of the company traded hands. Hyatt Hotels Corp. has a 1-year low of $34.06 and a 1-year high of $54.82. The firm’s 50 day moving average price is $51.31 and its 200-day moving average price is $50.41. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 36.78 and a beta of 1.41.

Hyatt Hotels Corp. (NYSE:H) last posted its earnings results on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.18. Hyatt Hotels Corp. had a return on equity of 5.33% and a net margin of 4.49%. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, equities research analysts expect that Hyatt Hotels Corp. will post $1.63 earnings per share for the current year.

In other news, major shareholder Gregory Boyd Penner sold 130,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $52.41, for a total transaction of $6,813,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 25.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in H. HighTower Advisors LLC raised its position 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 valued at $1,303,000 after buying an additional 850 shares in the last quarter. BlackRock Inc. raised its position 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 valued at $547,000 after buying an additional 4,291 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $9,770,000 after buying an additional 21,506 shares in the last quarter. Victory Capital Management Inc. raised its position 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 valued at $794,000 after buying an additional 859 shares in the last quarter. Finally, Brave Asset Management Inc purchased a new position in shares of Hyatt Hotels Corp. during the second quarter valued at approximately $167,000. Hedge funds and other institutional investors own 18.82% of the company’s stock.

Hyatt Hotels Corp. Company Profile

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