Today, MKM Partners Reiterates “$43.00” Price Target for Hyatt Hotels Corp. (H)

Today, MKM Partners Reiterates “$43.00” Price Target for Hyatt Hotels Corp. (H)
Hyatt Hotels Corp. (NYSE:H) has been assigned a $43.00 price target by stock analysts at MKM Partners in a report issued on Thursday. The firm presently has a “sell” rating on the stock. MKM Partners’ target price would suggest a potential downside of 20.41% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. FBR & Co set a $61.00 target price on shares of Hyatt Hotels Corp. and gave the stock a “buy” rating in a report on Thursday. TheStreet lowered shares of Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a report on Monday, November 7th. lowered shares of Hyatt Hotels Corp. from an “outperform” rating to an “underperform” rating in a report on Wednesday, November 2nd. Zacks Investment Research raised shares of Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Finally, Nomura lowered shares of Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, October 25th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.60.

Shares of Hyatt Hotels Corp. (NYSE:H) traded up 1.96% during midday trading on Thursday, reaching $54.03. 470,450 shares of the company’s stock traded hands. Hyatt Hotels Corp. has a one year low of $34.06 and a one year high of $54.82. 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. (NYSE:H) last released its earnings results on Thursday, November 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 last year, the business 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 fiscal year.

In related 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 value of $6,813,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 25.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of 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 in the last quarter. Brave Asset Management Inc bought a new stake in shares of Hyatt Hotels Corp. during the second quarter worth about $167,000. The Manufacturers Life Insurance Company bought a new stake in shares of Hyatt Hotels Corp. during the third quarter worth about $188,000. Pacer Advisors Inc. increased its stake in shares of 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 in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Hyatt Hotels Corp. during the third quarter worth about $201,000. Institutional investors own 18.82% of the company’s stock.

Hyatt Hotels Corp. Company Profile

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