Hyatt Hotels Director Acquires $97,552 in Stock (H)
Hyatt Hotels (NYSE:H) Director Pamela M. Nicholson acquired 1,600 shares of the stock on the open market in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average cost of $60.97 per share, for a total transaction of $97,552.00. Following the completion of the purchase, the director now directly owns 3,010 shares of the company’s stock, valued at approximately $183,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on H. Analysts at Macquarie reiterated a “neutral” rating on shares of Hyatt Hotels in a research note on Wednesday. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at Nomura raised their price target on shares of Hyatt Hotels from $59.00 to $73.00 in a research note on Friday, May 30th. Finally, analysts at Robert W. Baird raised their price target on shares of Hyatt Hotels from $56.00 to $61.00 in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Hyatt Hotels has a consensus rating of “Buy” and a consensus target price of $61.20.
Hyatt Hotels (NYSE:H) traded down 1.00% during mid-day trading on Wednesday, hitting $60.47. The stock had a trading volume of 421,964 shares. Hyatt Hotels has a 1-year low of $37.74 and a 1-year high of $61.97. The stock has a 50-day moving average of $58.17 and a 200-day moving average of $52.66. The company has a market cap of $9.367 billion and a P/E ratio of 37.75.
Hyatt Hotels (NYSE:H) last released its earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Hyatt Hotels will post $1.08 earnings per share for the current fiscal year.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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