Hyatt Hotels (NYSE:H) had its price target lifted by analysts at B. Riley from $70.00 to $80.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the stock. B. Riley’s target price would indicate a potential upside of 0.34% from the stock’s previous close. B. Riley also issued estimates for Hyatt Hotels’ Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.65 EPS, Q1 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.96 EPS and FY2020 earnings at $2.09 EPS.
A number of other equities analysts have also issued reports on H. Zacks Investment Research raised shares of Hyatt Hotels from a “hold” rating to a “strong-buy” rating and set a $88.00 target price on the stock in a research report on Wednesday, January 10th. Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, November 6th. Raymond James Financial upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research note on Monday, January 8th. Robert W. Baird set a $70.00 price target on shares of Hyatt Hotels and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Wolfe Research upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $78.77.
Hyatt Hotels (H) opened at $79.73 on Friday. Hyatt Hotels has a 52-week low of $50.21 and a 52-week high of $82.50. The stock has a market cap of $9,479.50, a price-to-earnings ratio of 45.82, a P/E/G ratio of 12.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06.
Hyatt Hotels announced that its board has authorized a share buyback program on Thursday, December 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider P.G. Penny Trust sold 600,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $42,000,000.00. Following the sale, the insider now owns 600,000 shares in the company, valued at approximately $42,000,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the sale, the insider now owns 300,655 shares in the company, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. Insiders have sold 649,432 shares of company stock worth $45,536,570 in the last quarter. Corporate insiders own 27.51% of the company’s stock.
Large investors have recently modified their holdings of the company. Millennium Management LLC lifted its position in Hyatt Hotels by 13.9% during the 4th quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock worth $86,886,000 after buying an additional 144,212 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in Hyatt Hotels by 19.2% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 122,500 shares of the company’s stock worth $9,008,000 after buying an additional 19,717 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Hyatt Hotels by 1.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 142,166 shares of the company’s stock worth $10,455,000 after buying an additional 2,118 shares in the last quarter. Teachers Advisors LLC lifted its position in Hyatt Hotels by 4.2% during the 4th quarter. Teachers Advisors LLC now owns 95,540 shares of the company’s stock worth $7,026,000 after buying an additional 3,887 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Hyatt Hotels by 3.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 632,306 shares of the company’s stock worth $46,500,000 after buying an additional 18,706 shares in the last quarter. Institutional investors own 37.47% of the company’s stock.
About Hyatt Hotels
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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