Hyatt Hotels Corp. (NYSE:H)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a note issued to investors on Saturday. They currently have a $50.00 target price on the stock, up from their previous target price of $48.00. Stifel Nicolaus’ target price suggests a potential downside of 7.46% from the company’s current price.
Several other analysts have also recently commented on H. Morgan Stanley set a $49.00 target price on Hyatt Hotels Corp. and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. FBR & Co reaffirmed a “buy” rating and issued a $62.00 target price on shares of Hyatt Hotels Corp. in a research report on Thursday, August 4th. Zacks Investment Research raised Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Citigroup Inc. raised their target price on Hyatt Hotels Corp. from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Finally, Vetr cut 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.29.
Hyatt Hotels Corp. (NYSE:H) traded up 1.96% during midday trading on Friday, hitting $54.03. The stock had a trading volume of 470,450 shares. The stock has a market cap of $7.07 billion, a P/E ratio of 36.78 and a beta of 1.41. Hyatt Hotels Corp. has a 12-month low of $34.06 and a 12-month high of $54.82. The company’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 issued its earnings results on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ 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 period in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts predict that Hyatt Hotels Corp. will post $1.63 earnings per share for the current fiscal year.
In other 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 value of $6,813,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 25.50% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Hyatt Hotels Corp. by 1,304.3% in the third quarter. Wells Fargo & Company MN now owns 646,910 shares of the company’s stock worth $31,842,000 after buying an additional 600,842 shares during the last quarter. Mason Capital Management LLC purchased a new position in shares of Hyatt Hotels Corp. during the third quarter valued at about $27,924,000. Morgan Stanley raised its position in shares of Hyatt Hotels Corp. by 16.2% in the third quarter. Morgan Stanley now owns 1,495,979 shares of the company’s stock valued at $73,632,000 after buying an additional 208,010 shares in the last quarter. Credit Suisse AG raised its position in shares of Hyatt Hotels Corp. by 415.2% in the second quarter. Credit Suisse AG now owns 160,131 shares of the company’s stock valued at $7,870,000 after buying an additional 129,048 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Hyatt Hotels Corp. by 13.2% in the third quarter. UBS Group AG now owns 887,882 shares of the company’s stock valued at $43,701,000 after buying an additional 103,727 shares in the last quarter. Institutional investors and hedge funds own 18.82% of the company’s stock.
Hyatt Hotels Corp. Company Profile