Hyatt Hotels (H) Given “Buy” Rating at Robert W. Baird
Hyatt Hotels (NYSE:H)‘s stock had its “buy” rating restated by Robert W. Baird in a research note issued to investors on Tuesday. They currently have a $84.00 target price on the stock. Robert W. Baird’s target price would indicate a potential upside of 7.12% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Wells Fargo & Co raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a report on Monday, November 6th. B. Riley downgraded Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Monday, November 6th. Raymond James Financial raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a report on Monday. SunTrust Banks reaffirmed a “hold” rating and issued a $61.00 price target on shares of Hyatt Hotels in a report on Tuesday, October 17th. Finally, Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and upped their price target for the company from $69.20 to $78.00 in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $73.85.
Hyatt Hotels (NYSE H) traded up $1.51 during mid-day trading on Tuesday, hitting $78.42. 1,078,230 shares of the company were exchanged, compared to its average volume of 888,341. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. Hyatt Hotels has a 12-month low of $50.21 and a 12-month high of $78.46. The stock has a market capitalization of $9,140.00, a price-to-earnings ratio of 47.24, a price-to-earnings-growth ratio of 12.80 and a beta of 1.25.
Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.09. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. sell-side analysts forecast that Hyatt Hotels will post 1.73 earnings per share for the current fiscal year.
Hyatt Hotels announced that its board has authorized a stock buyback plan on Thursday, December 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In related news, insider P.G. Penny Trust sold 600,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total transaction of $42,000,000.00. Following the completion of the sale, the insider now directly owns 600,000 shares of the company’s stock, valued at $42,000,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen G. Haggerty sold 7,117 shares of the stock in a transaction 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 sale, the insider now directly owns 57,326 shares of the company’s stock, valued at $3,531,281.60. The disclosure for this sale can be found here. Insiders sold 986,001 shares of company stock valued at $67,260,348 over the last three months. Corporate insiders own 27.51% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of H. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hyatt Hotels by 8.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 145,543 shares of the company’s stock worth $8,181,000 after purchasing an additional 11,424 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Hyatt Hotels by 3.7% during the second quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock worth $377,000 after purchasing an additional 240 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Hyatt Hotels by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 192,137 shares of the company’s stock worth $10,799,000 after purchasing an additional 4,123 shares during the period. Legal & General Group Plc lifted its holdings in shares of Hyatt Hotels by 9.4% during the second quarter. Legal & General Group Plc now owns 11,826 shares of the company’s stock worth $665,000 after purchasing an additional 1,021 shares during the period. Finally, Federated Investors Inc. PA acquired a new stake in shares of Hyatt Hotels during the second quarter worth $216,000. 38.79% of the stock is owned by hedge funds and other 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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