Hyatt Hotels (H) Raised to “Outperform” at Wolfe Research
Wolfe Research upgraded shares of Hyatt Hotels (NYSE:H) from a market perform rating to an outperform rating in a report issued on Thursday morning, The Fly reports.
H has been the subject of a number of other reports. Robert W. Baird reissued a buy rating and set a $68.00 price objective on shares of Hyatt Hotels in a research report on Friday, September 8th. B. Riley downgraded Hyatt Hotels from a buy rating to a neutral rating and set a $70.00 price objective for the company. in a research report on Monday, November 6th. Wells Fargo & Co raised Hyatt Hotels from a market perform rating to an outperform rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. MKM Partners raised Hyatt Hotels from a neutral rating to a buy rating and set a $79.00 price objective for the company in a research report on Thursday, December 7th. Finally, Stifel Nicolaus raised their price objective on Hyatt Hotels from $61.00 to $67.00 and gave the stock a hold rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $71.27.
Hyatt Hotels (NYSE H) traded up $0.07 during midday trading on Thursday, hitting $72.96. The stock had a trading volume of 435,766 shares, compared to its average volume of 877,089. Hyatt Hotels has a fifty-two week low of $50.21 and a fifty-two week high of $73.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a market cap of $8,670.00, a price-to-earnings ratio of 43.95, a PEG ratio of 10.43 and a beta of 1.25.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. equities research analysts expect that Hyatt Hotels will post 1.73 earnings per share for the current fiscal year.
Hyatt Hotels announced that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
In other Hyatt Hotels news, insider Stephen G. Haggerty sold 46,869 shares of Hyatt Hotels stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $61.77, for a total value of $2,895,098.13. Following the completion of the transaction, the insider now directly owns 32,125 shares of the company’s stock, valued at approximately $1,984,361.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Rena Hozore Reiss sold 4,000 shares of Hyatt Hotels stock in a transaction dated Monday, September 25th. The shares were 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 of the company’s stock, valued at $1,897,019.83. The disclosure for this sale can be found here. Insiders have sold a total of 1,000,001 shares of company stock valued at $68,120,268 over the last three months. Corporate insiders own 27.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in shares of Hyatt Hotels by 16.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,442 shares of the company’s stock valued at $1,201,000 after buying an additional 2,782 shares during the period. California Public Employees Retirement System boosted its stake in shares of Hyatt Hotels by 4.9% in the 3rd quarter. California Public Employees Retirement System now owns 102,716 shares of the company’s stock valued at $6,347,000 after buying an additional 4,816 shares during the period. Bamco Inc. NY boosted its stake in shares of Hyatt Hotels by 0.4% in the 3rd quarter. Bamco Inc. NY now owns 4,456,997 shares of the company’s stock valued at $275,398,000 after buying an additional 17,660 shares during the period. Highbridge Capital Management LLC boosted its stake in shares of Hyatt Hotels by 483.4% in the 3rd quarter. Highbridge Capital Management LLC now owns 62,129 shares of the company’s stock valued at $3,839,000 after buying an additional 51,479 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Hyatt Hotels by 585.1% in the 3rd quarter. Jane Street Group LLC now owns 34,723 shares of the company’s stock valued at $2,146,000 after buying an additional 29,655 shares during the period. 38.79% of the stock is owned by institutional investors.
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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).
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