Hyatt Hotels (NYSE:H) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a $82.00 target price on the stock. Citigroup’s price target would suggest a potential upside of 16.56% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on H. Robert W. Baird restated a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels in a research note on Friday, September 8th. SunTrust Banks restated a “hold” rating and set a $61.00 target price on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Morgan Stanley upped their target price on Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Wells Fargo & Company upgraded Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Monday, November 6th. Finally, B. Riley cut Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.55.

Shares of Hyatt Hotels (NYSE H) traded down $0.40 during trading hours on Thursday, reaching $70.35. The company had a trading volume of 637,244 shares, compared to its average volume of 761,909. The firm has a market capitalization of $8,411.82, a P/E ratio of 39.31, a P/E/G ratio of 10.06 and a beta of 1.25. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $73.33. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. During the same quarter in the prior year, the business posted $0.47 earnings per share. sell-side analysts predict that Hyatt Hotels will post 1.73 EPS for the current fiscal year.

In other news, insider Rena Hozore Reiss sold 4,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $61.43, for a total value of $245,720.00. Following the completion of the transaction, the insider now directly owns 30,881 shares in the company, valued at approximately $1,897,019.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $71.54, for a total value of $3,517,836.42. Following the completion of the transaction, the insider now owns 300,655 shares of the company’s stock, valued at $21,508,858.70. The disclosure for this sale can be found here. Insiders sold a total of 1,000,001 shares of company stock valued at $68,120,268 over the last quarter. 27.51% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in H. Cibc World Markets Corp bought a new position in Hyatt Hotels during the 2nd quarter worth $37,099,000. BNP Paribas Arbitrage SA raised its position in Hyatt Hotels by 485.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock worth $35,129,000 after purchasing an additional 518,164 shares during the last quarter. Gruss Capital Management LP raised its position in Hyatt Hotels by 316.1% during the 3rd quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock worth $39,855,000 after purchasing an additional 490,000 shares during the last quarter. Koch Industries Inc. bought a new position in Hyatt Hotels during the 2nd quarter worth $478,000. Finally, Long Pond Capital LP raised its position in Hyatt Hotels by 14.1% during the 3rd quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock worth $187,567,000 after purchasing an additional 374,704 shares during the last quarter. 38.83% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/14/hyatt-hotels-h-upgraded-to-buy-by-citigroup.html.

About Hyatt Hotels

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).

Analyst Recommendations for Hyatt Hotels (NYSE:H)

Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.