Trade Report: Today, Hyatt Hotels Corp. (H) Given a $61.00 Price Target by FBR & Co Analysts

Today, Hyatt Hotels Corp. (H) Given a $61.00 Price Target by FBR & Co Analysts

FBR & Co set a $61.00 price target on Hyatt Hotels Corp. (NYSE:H) in a research note published on Thursday. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Hyatt Hotels Corp. from a sell rating to a hold rating in a research report on Thursday, August 4th. Morgan Stanley set a $49.00 target price on Hyatt Hotels Corp. and gave the company a hold rating in a research report on Wednesday, August 3rd. Citigroup Inc. increased their target price on Hyatt Hotels Corp. from $50.00 to $55.00 and gave the company a neutral rating in a research report on Thursday, August 11th. Vetr raised Hyatt Hotels Corp. from a sell rating to a hold rating and set a $50.60 target price on the stock in a research report on Monday, September 12th. Finally, TheStreet cut Hyatt Hotels Corp. from a buy rating to a hold rating in a research report on Monday, November 7th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $51.60.

Hyatt Hotels Corp. (NYSE:H) traded up 1.96% during mid-day trading on Thursday, reaching $54.03. The company had a trading volume of 470,450 shares. The firm has a market capitalization of $7.07 billion, a PE ratio of 36.78 and a beta of 1.41. The stock’s 50-day moving average price is $51.31 and its 200 day moving average price is $50.41. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82.

Hyatt Hotels Corp. (NYSE:H) last announced its earnings results on Thursday, November 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.30 EPS. On average, equities research analysts predict that Hyatt Hotels Corp. will post $1.63 EPS for the current year.

In other Hyatt Hotels Corp. news, major shareholder Gregory Boyd Penner sold 130,000 shares of Hyatt Hotels Corp. stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 25.50% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its stake in shares of Hyatt Hotels Corp. by 7.1% in the second quarter. Wedge Capital Management L L P NC now owns 199,591 shares of the company’s stock worth $9,808,000 after buying an additional 13,198 shares in the last quarter. KBC Group NV raised its position in Hyatt Hotels Corp. by 55.2% in the second quarter. KBC Group NV now owns 146,009 shares of the company’s stock worth $7,175,000 after buying an additional 51,904 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Hyatt Hotels Corp. during the second quarter worth $2,726,000. Calvert Investment Management Inc. raised its position in Hyatt Hotels Corp. by 7.7% in the second quarter. Calvert Investment Management Inc. now owns 8,417 shares of the company’s stock worth $414,000 after buying an additional 600 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Hyatt Hotels Corp. by 13.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 80,802 shares of the company’s stock worth $3,971,000 after buying an additional 9,402 shares during the last quarter. 18.82% of the stock is owned by institutional investors.

About Hyatt Hotels Corp.

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