MKM Partners upgraded shares of Hyatt Hotels (NYSE:H) from a neutral rating to a buy rating in a research report released on Thursday morning, Marketbeat Ratings reports. They currently have $79.00 price target on the stock.

Several other equities research analysts have also recently issued reports on H. Deutsche Bank reiterated a hold rating and issued a $60.00 price target (up from $59.00) on shares of Hyatt Hotels in a research note on Wednesday, August 9th. FBR & Co reiterated an outperform rating and issued a $66.00 price target (up from $63.00) on shares of Hyatt Hotels in a research note on Wednesday, August 9th. Robert W. Baird reiterated a buy rating and issued a $68.00 price target on shares of Hyatt Hotels in a research note on Friday, September 8th. SunTrust Banks reiterated a hold rating and issued a $61.00 price target on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $69.40.

Shares of Hyatt Hotels (H) opened at $72.29 on Thursday. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $73.33. The stock has a market capitalization of $8,594.92, a P/E ratio of 40.16, a PEG ratio of 10.28 and a beta of 1.25. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.47 earnings per share. equities research analysts expect that Hyatt Hotels will post 1.73 EPS for the current year.

In other news, insider Rena Hozore Reiss sold 4,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $61.43, for a total transaction of $245,720.00. Following the completion of the transaction, the insider now directly owns 30,881 shares in the company, valued at $1,897,019.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elsinore Trust sold 157,476 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $61.48, for a total transaction of $9,681,624.48. Following the transaction, the insider now owns 32,125 shares of the company’s stock, valued at $1,975,045. The disclosure for this sale can be found here. Insiders have sold 1,000,001 shares of company stock valued at $68,120,268 over the last quarter. Company insiders own 27.51% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. increased its holdings in Hyatt Hotels by 121.4% in the third quarter. Fox Run Management L.L.C. now owns 25,900 shares of the company’s stock valued at $1,600,000 after purchasing an additional 14,200 shares during the period. Goldman Sachs Group Inc. boosted its position in Hyatt Hotels by 14.9% during the second quarter. Goldman Sachs Group Inc. now owns 501,089 shares of the company’s stock valued at $28,167,000 after acquiring an additional 65,031 shares during the last quarter. Koch Industries Inc. bought a new stake in Hyatt Hotels during the second quarter valued at $478,000. Schwab Charles Investment Management Inc. boosted its position in Hyatt Hotels by 8.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 145,543 shares of the company’s stock valued at $8,181,000 after acquiring an additional 11,424 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Hyatt Hotels by 162.3% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,510 shares of the company’s stock valued at $1,714,000 after acquiring an additional 18,879 shares during the last quarter. Institutional investors and hedge funds own 38.83% of the company’s stock.

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Hyatt Hotels Company Profile

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)

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