Hyatt Hotels (NYSE:H) announced that its Board of Directors has initiated a stock buyback plan, which permits the company to repurchase $750.00 million in shares on Thursday, December 14th, EventVestor reports. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Several brokerages recently issued reports on H. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday. MKM Partners upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Thursday, December 7th. SunTrust Banks reiterated a “hold” rating and issued a $61.00 target price on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the company a “hold” rating in a research note on Monday, November 6th. Finally, Robert W. Baird set a $70.00 target price on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.55.

Shares of Hyatt Hotels (NYSE:H) traded down $0.40 during mid-day trading on Friday, reaching $70.35. 637,200 shares of the company’s stock traded hands, compared to its average volume of 761,909. 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 $8,411.82, a P/E ratio of 39.31, a PEG ratio of 10.06 and a beta of 1.25. Hyatt Hotels has a 1 year low of $50.21 and a 1 year high of $73.33.

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 the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same period last year, the business posted $0.47 earnings per share. research analysts forecast that Hyatt Hotels will post 1.73 earnings per share for the current fiscal year.

In other news, insider Maryam Banikarim sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $61.42, for a total transaction of $614,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rena Hozore Reiss sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $61.43, for a total transaction of $245,720.00. Following the transaction, the insider now directly owns 30,881 shares in the company, valued at $1,897,019.83. 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 90 days. Company insiders own 27.51% 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).

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