Hyatt Hotels Corp. (H) Rating Reiterated by Stifel Nicolaus
Hyatt Hotels Corp. (NYSE:H)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a report issued on Saturday. They currently have a $50.00 target price on the stock, up from their prior target price of $48.00. Stifel Nicolaus’ price objective suggests a potential downside of 7.46% from the stock’s current price.
A number of other brokerages have also commented on H. Vetr lowered Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 price target on the stock. in a report on Thursday, August 25th. FBR & Co set a $61.00 price target on Hyatt Hotels Corp. and gave the stock a “buy” rating in a report on Thursday. MKM Partners set a $43.00 target price on Hyatt Hotels Corp. and gave the company a “sell” rating in a research note on Thursday. TheStreet lowered Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Finally, Citigroup Inc. boosted their target price on Hyatt Hotels Corp. from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.29.
Shares of Hyatt Hotels Corp. (NYSE:H) traded up 1.96% during mid-day trading on Friday, reaching $54.03. The company’s stock had a trading volume of 470,450 shares. The firm has a market cap of $7.07 billion, a PE ratio of 36.78 and a beta of 1.41. The company has a 50-day moving average of $51.31 and a 200-day moving average of $50.41. Hyatt Hotels Corp. has a 12 month low of $34.06 and a 12 month high of $54.82.
Hyatt Hotels Corp. (NYSE:H) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.18. Hyatt Hotels Corp. had a return on equity of 5.33% and a net margin of 4.49%. During the same quarter last year, the company earned $0.30 EPS. On average, analysts predict that Hyatt Hotels Corp. will post $1.63 earnings per share for the current year.
WARNING: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/27/hyatt-hotels-corp-h-rating-reiterated-by-stifel-nicolaus.html.
In other news, major shareholder Gregory Boyd Penner sold 130,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $52.41, for a total value of $6,813,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.50% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of H. Legal & General Group Plc boosted its stake in shares of Hyatt Hotels Corp. by 3.1% in the second quarter. Legal & General Group Plc now owns 3,217 shares of the company’s stock valued at $158,000 after buying an additional 97 shares in the last quarter. Brave Asset Management Inc bought a new stake in shares of Hyatt Hotels Corp. during the second quarter valued at $167,000. The Manufacturers Life Insurance Company bought a new stake in shares of Hyatt Hotels Corp. during the third quarter valued at $188,000. Pacer Advisors Inc. boosted its stake in shares of Hyatt Hotels Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 4,062 shares of the company’s stock valued at $199,000 after buying an additional 3,386 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Hyatt Hotels Corp. during the third quarter valued at $201,000. Institutional investors own 18.82% of the company’s stock.
About Hyatt Hotels Corp.
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.
Receive News & Stock Ratings for Hyatt Hotels Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels Corp. and related stocks with our FREE daily email newsletter.