Hyatt Hotels Corporation (H) Receives “Buy” Rating from Robert W. Baird
Hyatt Hotels Corporation (NYSE:H)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a note issued to investors on Friday. They currently have a $68.00 target price on the stock. Robert W. Baird’s target price would suggest a potential upside of 14.17% from the company’s current price.
A number of other brokerages have also recently weighed in on H. Citigroup Inc. reaffirmed a “neutral” rating on shares of Hyatt Hotels Corporation in a research report on Thursday, May 11th. Stifel Nicolaus upped their price target on shares of Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research report on Monday, May 15th. BidaskClub cut shares of Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. FBR & Co reaffirmed a “buy” rating on shares of Hyatt Hotels Corporation in a research report on Monday, May 15th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price target (up from $59.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $57.76.
Shares of Hyatt Hotels Corporation (H) traded up 0.95% during mid-day trading on Friday, hitting $59.56. The stock had a trading volume of 766,439 shares. The stock has a market cap of $7.45 billion, a P/E ratio of 29.87 and a beta of 1.25. Hyatt Hotels Corporation has a 12-month low of $47.94 and a 12-month high of $61.07. The company’s 50 day moving average price is $57.35 and its 200 day moving average price is $55.79.
Hyatt Hotels Corporation (NYSE:H) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $0.64 EPS. Equities research analysts predict that Hyatt Hotels Corporation will post $1.60 EPS for the current fiscal year.
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In related news, insider Don G.C. Trust #8 sold 42,146 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total transaction of $2,509,794.30. Following the sale, the insider now owns 42,146 shares in the company, valued at $2,509,794.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard A. Friedman sold 8,654,050 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $57.58, for a total transaction of $498,300,199.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,704,160 shares of company stock worth $501,282,179. Company insiders own 27.51% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC acquired a new stake in Hyatt Hotels Corporation during the second quarter worth about $101,000. James Investment Research Inc. acquired a new stake in Hyatt Hotels Corporation during the second quarter worth about $151,000. Federated Investors Inc. PA acquired a new stake in Hyatt Hotels Corporation during the second quarter worth about $216,000. UBS Asset Management Americas Inc. acquired a new stake in Hyatt Hotels Corporation during the fourth quarter worth about $227,000. Finally, The Manufacturers Life Insurance Company raised its stake in Hyatt Hotels Corporation by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after acquiring an additional 272 shares during the period. Hedge funds and other institutional investors own 30.68% of the company’s stock.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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