Hyatt Hotels Co. (NYSE:H) has been assigned an average rating of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $79.75.
Several analysts have recently commented on the company. Stifel Nicolaus raised their target price on Hyatt Hotels from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. SunTrust Banks raised their target price on Hyatt Hotels to $80.00 and gave the company a “hold” rating in a research note on Tuesday, February 20th. Evercore ISI upgraded Hyatt Hotels from an “underperform” rating to an “in-line” rating in a research note on Tuesday, February 20th. Deutsche Bank raised their target price on Hyatt Hotels from $78.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Morgan Stanley raised their target price on Hyatt Hotels from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, February 16th.
In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 49,173 shares of Hyatt Hotels stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the transaction, the insider now owns 300,655 shares in the company, valued at approximately $21,508,858.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.51% of the stock is currently owned by insiders.
Shares of Hyatt Hotels (NYSE H) opened at $76.65 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $83.02. The firm has a market capitalization of $9,326.64, a PE ratio of 38.91, a price-to-earnings-growth ratio of 11.14 and a beta of 1.31.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. During the same period last year, the business posted $0.29 EPS. sell-side analysts predict that Hyatt Hotels will post 1.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%.
Hyatt Hotels declared that its board has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
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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