Hyatt Hotels Corporation (H) Stock Rating Upgraded by Berenberg Bank
Hyatt Hotels Corporation (NYSE:H) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $78.00 target price on the stock, up from their prior target price of $69.20. Berenberg Bank’s target price would indicate a potential upside of 11.70% from the company’s current price.
H has been the subject of several other reports. SunTrust Banks, Inc. reissued a “hold” rating and issued a $61.00 price objective on shares of Hyatt Hotels Corporation in a research report on Tuesday, October 17th. Morgan Stanley lifted their price objective on Hyatt Hotels Corporation from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. BidaskClub lowered Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. FBR & Co reaffirmed an “outperform” rating and issued a $66.00 target price (up from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus boosted their target price on Hyatt Hotels Corporation from $61.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Hyatt Hotels Corporation presently has an average rating of “Hold” and a consensus price target of $66.50.
Hyatt Hotels Corporation (NYSE:H) opened at $69.83 on Friday. Hyatt Hotels Corporation has a 12-month low of $50.21 and a 12-month high of $70.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. The firm has a market capitalization of $8,490.42, a PE ratio of 38.79, a PEG ratio of 10.16 and a beta of 1.20.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Hyatt Hotels Corporation had a return on equity of 6.13% and a net margin of 4.66%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $0.47 EPS. research analysts predict that Hyatt Hotels Corporation will post 1.69 earnings per share for the current year.
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In other news, insider Stephen G. Haggerty sold 7,117 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $61.60, for a total value of $438,407.20. Following the transaction, the insider now owns 57,326 shares in the company, valued at approximately $3,531,281.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Elsinore Trust sold 157,476 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $61.48, for a total value of $9,681,624.48. Following the completion of the transaction, the insider now owns 32,125 shares in the company, valued at approximately $1,975,045. The disclosure for this sale can be found here. Insiders have sold a total of 8,896,535 shares of company stock valued at $513,184,542 in the last quarter. Company insiders own 27.51% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Hyatt Hotels Corporation by 19.5% in the 1st quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock worth $155,055,000 after buying an additional 469,675 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Hyatt Hotels Corporation by 63.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,018,390 shares of the company’s stock worth $62,927,000 after buying an additional 393,424 shares during the last quarter. Marshall Wace North America L.P. boosted its stake in shares of Hyatt Hotels Corporation by 35.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 952,368 shares of the company’s stock worth $53,333,000 after buying an additional 251,253 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of Hyatt Hotels Corporation in the 2nd quarter worth approximately $37,099,000. Finally, Balyasny Asset Management LLC boosted its stake in shares of Hyatt Hotels Corporation by 12.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 639,471 shares of the company’s stock worth $35,945,000 after buying an additional 72,202 shares during the last quarter. Hedge funds and other institutional investors own 31.13% 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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