Raymond James reissued their market perform rating on shares of Hyatt Hotels (NYSE:H) in a research report sent to investors on Friday morning, AnalystRatings.com reports. The firm currently has a $25.00 price target on the stock.
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Other analysts have also issued research reports about the company. Goldman Sachs Group upgraded Hyatt Hotels from a neutral rating to a buy rating and increased their target price for the company from $88.00 to $91.00 in a report on Thursday, September 19th. CIBC increased their target price on Hyatt Hotels from $24.00 to $25.00 in a report on Wednesday, October 23rd. Wells Fargo & Co reduced their target price on Hyatt Hotels from $78.00 to $76.00 and set a market perform rating for the company in a report on Friday, October 18th. Cowen set a $70.00 target price on Hyatt Hotels and gave the company a hold rating in a report on Wednesday, October 9th. Finally, Wolfe Research set a $90.00 target price on Hyatt Hotels and gave the company a buy rating in a report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Hyatt Hotels has a consensus rating of Hold and a consensus price target of $66.78.
Shares of H traded down $0.01 during mid-day trading on Friday, reaching $77.77. The company’s stock had a trading volume of 266,271 shares, compared to its average volume of 596,800. The business has a fifty day moving average of $73.14 and a 200 day moving average of $74.93. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 6.91 and a beta of 1.08. Hyatt Hotels has a 1 year low of $63.45 and a 1 year high of $81.57. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.53.
Hyatt Hotels (NYSE:H) last released its earnings results on Wednesday, October 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Hyatt Hotels had a return on equity of 6.47% and a net margin of 10.01%. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, analysts predict that Hyatt Hotels will post 1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, November 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.98%. Hyatt Hotels’s dividend payout ratio is 38.38%.
In other Hyatt Hotels news, insider David Udell sold 4,337 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $72.06, for a total transaction of $312,524.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark R. Vondrasek sold 3,807 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $76.54, for a total transaction of $291,387.78. The disclosure for this sale can be found here. 24.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Long Pond Capital LP increased its position in Hyatt Hotels by 19.5% during the second quarter. Long Pond Capital LP now owns 2,971,119 shares of the company’s stock worth $226,191,000 after buying an additional 484,279 shares during the last quarter. Balyasny Asset Management LLC increased its position in Hyatt Hotels by 40.9% during the second quarter. Balyasny Asset Management LLC now owns 384,014 shares of the company’s stock worth $29,235,000 after buying an additional 111,404 shares during the last quarter. Wells Fargo & Company MN increased its position in Hyatt Hotels by 3.0% during the second quarter. Wells Fargo & Company MN now owns 261,569 shares of the company’s stock worth $19,913,000 after buying an additional 7,563 shares during the last quarter. Bank of New York Mellon Corp increased its position in Hyatt Hotels by 25.4% during the second quarter. Bank of New York Mellon Corp now owns 260,607 shares of the company’s stock worth $19,842,000 after buying an additional 52,767 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in Hyatt Hotels by 5.9% during the third quarter. Great Lakes Advisors LLC now owns 223,653 shares of the company’s stock worth $16,477,000 after buying an additional 12,473 shares during the last quarter. 37.46% of the stock is currently owned by hedge funds and other institutional investors.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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