Hyatt Hotels (NYSE:H) had its price target boosted by equities research analysts at SunTrust Banks to $80.00 in a report issued on Tuesday, February 20th, The Fly reports. The brokerage currently has a “hold” rating on the stock. SunTrust Banks’ price objective suggests a potential downside of 1.17% from the company’s previous close. SunTrust Banks also issued estimates for Hyatt Hotels’ Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $1.40 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.65 EPS.
A number of other research firms have also weighed in on H. Raymond James Financial upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a research note on Monday, January 8th. B. Riley raised their price target on shares of Hyatt Hotels from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Robert W. Baird restated a “buy” rating and set a $84.00 price target on shares of Hyatt Hotels in a research report on Tuesday, January 9th. Wolfe Research upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 21st. Finally, Evercore ISI raised shares of Hyatt Hotels from an “underperform” rating to an “in-line” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Hyatt Hotels has a consensus rating of “Hold” and an average target price of $80.38.
Shares of Hyatt Hotels (NYSE:H) traded up $0.50 on Tuesday, hitting $80.95. 844,798 shares of the stock traded hands, compared to its average volume of 965,133. Hyatt Hotels has a 52-week low of $51.53 and a 52-week high of $83.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.37 and a quick ratio of 1.36. The stock has a market cap of $9,550.00, a PE ratio of 27.44, a PEG ratio of 11.48 and a beta of 1.31.
Hyatt Hotels declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
In other Hyatt Hotels news, insider Peter Fulton sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $80.10, for a total transaction of $344,430.00. Following the completion of the transaction, the insider now owns 22,066 shares in the company, valued at approximately $1,767,486.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 27.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of H. Millennium Management LLC lifted its position in shares of 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 during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of 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 during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of 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 during the last quarter. Teachers Advisors LLC lifted its position in shares of 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 during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of 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 during the last quarter. Institutional investors own 39.20% 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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