Analysts Set Hyatt Hotels Co. (H) PT at $82.41
Hyatt Hotels Co. (NYSE:H) has been given an average recommendation of “Hold” by the nineteen research firms that are covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $82.41.
Several research analysts recently commented on the stock. Berenberg Bank downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and lifted their target price for the stock from $83.00 to $87.50 in a research note on Thursday, July 19th. Zacks Investment Research raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Wednesday, September 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $84.00 price target on shares of Hyatt Hotels in a report on Thursday, October 4th. Longbow Research began coverage on shares of Hyatt Hotels in a report on Friday, September 7th. They issued a “buy” rating and a $99.00 price target on the stock. Finally, SunTrust Banks cut their price target on shares of Hyatt Hotels to $78.00 and set a “hold” rating on the stock in a report on Thursday, November 1st.
Shares of NYSE H traded down $1.12 during mid-day trading on Monday, hitting $69.49. The stock had a trading volume of 723,802 shares, compared to its average volume of 933,501. The company has a quick ratio of 2.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.41. Hyatt Hotels has a 1 year low of $64.82 and a 1 year high of $84.89. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 4.66 and a beta of 1.28.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.86%. The ex-dividend date is Tuesday, November 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 33.71%.
In other news, insider H Co Lp Lci sold 110,480 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total transaction of $8,701,404.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark R. Vondrasek sold 7,540 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $71.77, for a total transaction of $541,145.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 314,739 shares of company stock worth $24,604,337. Company insiders own 18.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in H. JPMorgan Chase & Co. boosted its stake in Hyatt Hotels by 110.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock worth $88,055,000 after purchasing an additional 580,125 shares in the last quarter. Glenmede Trust Co. NA bought a new position in Hyatt Hotels in the 2nd quarter worth about $19,708,000. Renaissance Technologies LLC boosted its stake in Hyatt Hotels by 21.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,227,400 shares of the company’s stock worth $94,694,000 after purchasing an additional 215,700 shares in the last quarter. Baskin Financial Services Inc. bought a new position in Hyatt Hotels in the 3rd quarter worth about $13,891,000. Finally, FMR LLC boosted its stake in Hyatt Hotels by 35.0% in the 3rd quarter. FMR LLC now owns 626,696 shares of the company’s stock worth $49,878,000 after purchasing an additional 162,336 shares in the last quarter. Hedge funds and other institutional investors own 37.38% of the company’s stock.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in 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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