MKM Partners Analysts Give Hyatt Hotels Corp. (H) a $43.00 Price Target
Hyatt Hotels Corp. (NYSE:H) has been given a $43.00 target price by equities researchers at MKM Partners in a report released on Thursday. The brokerage currently has a “sell” rating on the stock. MKM Partners’ price objective suggests a potential downside of 20.41% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. FBR & Co restated a “buy” rating and set a $62.00 target price on shares of Hyatt Hotels Corp. in a research report on Thursday, August 4th. Vetr upgraded shares of Hyatt Hotels Corp. from a “sell” rating to a “hold” rating and set a $50.60 target price on the stock in a research report on Monday, September 12th. Morgan Stanley set a $49.00 target price on shares of Hyatt Hotels Corp. and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, TheStreet lowered shares of Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.60.
Shares of Hyatt Hotels Corp. (NYSE:H) traded up 1.96% on Thursday, reaching $54.03. 470,450 shares of the company’s stock traded hands. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 36.78 and a beta of 1.41. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82. The stock’s 50-day moving average price is $51.31 and its 200-day moving average price is $50.41.
Hyatt Hotels Corp. (NYSE:H) last issued its earnings results on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.29 by $0.18. Hyatt Hotels Corp. had a net margin of 4.49% and a return on equity of 5.33%. During the same quarter last year, the company posted $0.30 EPS. Equities analysts predict that Hyatt Hotels Corp. will post $1.63 EPS for the current year.
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In related news, major shareholder Gregory Boyd Penner sold 130,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $52.41, for a total value of $6,813,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of H. Legal & General Group Plc increased its position in Hyatt Hotels Corp. by 3.1% in the second quarter. Legal & General Group Plc now owns 3,217 shares of the company’s stock worth $158,000 after buying an additional 97 shares in the last quarter. Brave Asset Management Inc bought a new position in Hyatt Hotels Corp. during the second quarter worth approximately $167,000. The Manufacturers Life Insurance Company bought a new position in Hyatt Hotels Corp. during the third quarter worth approximately $188,000. Pacer Advisors Inc. increased its position in Hyatt Hotels Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 4,062 shares of the company’s stock worth $199,000 after buying an additional 3,386 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in Hyatt Hotels Corp. during the third quarter worth approximately $201,000. 18.82% of the stock is owned by institutional investors.
Hyatt Hotels Corp. 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, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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