Cowen set a $70.00 target price on Hyatt Hotels (NYSE:H) in a report released on Wednesday, TipRanks reports. The firm currently has a hold rating on the stock.
Other equities analysts have also issued research reports about the company. Credit Suisse Group raised Hyatt Hotels to an outperform rating in a report on Monday, August 19th. JPMorgan Chase & Co. dropped their target price on Hyatt Hotels from $78.00 to $73.00 and set a neutral rating on the stock in a report on Friday, September 6th. BMO Capital Markets reissued a hold rating and issued a $25.00 target price on shares of Hyatt Hotels in a report on Monday, September 9th. Wells Fargo & Co reissued a hold rating on shares of Hyatt Hotels in a report on Tuesday, July 23rd. Finally, Raymond James reissued a hold rating on shares of Hyatt Hotels in a report on Monday, August 12th. Fifteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Hyatt Hotels has a consensus rating of Hold and an average target price of $75.60.
H traded up $1.69 during trading hours on Wednesday, reaching $71.70. The company’s stock had a trading volume of 456,891 shares, compared to its average volume of 586,247. Hyatt Hotels has a fifty-two week low of $63.45 and a fifty-two week high of $81.57. The stock has a market cap of $7.34 billion, a PE ratio of 36.21, a P/E/G ratio of 5.42 and a beta of 1.07. The business’s 50-day moving average is $73.61 and its 200-day moving average is $75.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.16.
Hyatt Hotels (NYSE:H) last announced its earnings results on Wednesday, July 31st. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.23 billion. Hyatt Hotels had a return on equity of 6.34% and a net margin of 9.07%. During the same quarter in the previous year, the company earned $0.72 earnings per share. Analysts expect that Hyatt Hotels will post 1.87 EPS for the current year.
In related news, insider Mark R. Vondrasek sold 3,807 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $76.54, for a total value of $291,387.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider H. Charles Floyd sold 6,500 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $78.00, for a total transaction of $507,000.00. Following the completion of the transaction, the insider now directly owns 41,475 shares of the company’s stock, valued at $3,235,050. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,644 shares of company stock valued at $1,110,912. 24.70% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its stake in shares of Hyatt Hotels by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 79,281 shares of the company’s stock worth $6,036,000 after purchasing an additional 8,478 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Hyatt Hotels by 2.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 167,666 shares of the company’s stock worth $12,764,000 after purchasing an additional 3,546 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Hyatt Hotels by 458.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,938 shares of the company’s stock worth $4,430,000 after purchasing an additional 48,378 shares in the last quarter. BTIM Corp. increased its stake in shares of Hyatt Hotels by 0.4% during the 2nd quarter. BTIM Corp. now owns 94,660 shares of the company’s stock worth $7,206,000 after purchasing an additional 350 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $128,000. 37.54% of the stock is owned by institutional investors.
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 through 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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