Berenberg Bank upgraded shares of Hyatt Hotels Corporation (NYSE:H) from a hold rating to a buy rating in a research note published on Friday, MarketBeat reports. Berenberg Bank currently has $78.00 price target on the stock, up from their previous price target of $69.20.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird reaffirmed a buy rating and issued a $68.00 price objective on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. B. Riley downgraded shares of Hyatt Hotels Corporation from a buy rating to a neutral rating and set a $70.00 price objective for the company. in a report on Monday, November 6th. Wells Fargo & Company raised shares of Hyatt Hotels Corporation from a market perform rating to an outperform rating and set a $76.00 price objective for the company in a report on Monday, November 6th. BidaskClub raised shares of Hyatt Hotels Corporation from a strong sell rating to a sell rating in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $66.50.

Hyatt Hotels Corporation (NYSE:H) traded down $0.49 during mid-day trading on Friday, hitting $69.25. 59,620 shares of the stock were exchanged, compared to its average volume of 753,587. Hyatt Hotels Corporation has a twelve month low of $50.21 and a twelve month high of $70.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. The firm has a market capitalization of $8,490.42, a P/E ratio of 38.79, a P/E/G ratio of 10.16 and a beta of 1.20.

Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Hyatt Hotels Corporation had a net margin of 4.66% and a return on equity of 6.13%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.47 earnings per share. research analysts forecast that Hyatt Hotels Corporation will post 1.69 EPS for the current fiscal year.

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In related news, insider Stephen G. Haggerty sold 7,117 shares of Hyatt Hotels Corporation stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $61.60, for a total transaction of $438,407.20. Following the sale, the insider now directly owns 57,326 shares in the company, valued at $3,531,281.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Elsinore Trust sold 157,476 shares of Hyatt Hotels Corporation stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $61.48, for a total transaction of $9,681,624.48. Following the sale, the insider now owns 32,125 shares in the company, valued at $1,975,045. The disclosure for this sale can be found here. Insiders sold 242,485 shares of company stock worth $14,884,343 over the last quarter. 27.51% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gruss Capital Management LP raised its stake in shares of Hyatt Hotels Corporation by 316.1% during the third quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock valued at $39,855,000 after purchasing an additional 490,000 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Hyatt Hotels Corporation by 25.0% during the third quarter. California State Teachers Retirement System now owns 77,477 shares of the company’s stock valued at $4,787,000 after purchasing an additional 15,492 shares in the last quarter. Invictus RG raised its stake in shares of Hyatt Hotels Corporation by 137.1% during the third quarter. Invictus RG now owns 14,446 shares of the company’s stock valued at $893,000 after purchasing an additional 8,352 shares in the last quarter. Long Pond Capital LP raised its stake in shares of Hyatt Hotels Corporation by 14.1% during the third quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock valued at $187,567,000 after purchasing an additional 374,704 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hyatt Hotels Corporation by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 333,305 shares of the company’s stock valued at $20,594,000 after purchasing an additional 19,029 shares in the last quarter. Institutional investors and hedge funds own 31.46% of the company’s stock.

About Hyatt Hotels Corporation

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 Corporation (NYSE:H)

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