Hyatt Hotels (NYSE:H) PT Lowered to $76.00 at Wells Fargo & Co

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Hyatt Hotels (NYSE:H) had its price objective decreased by Wells Fargo & Co from $78.00 to $76.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Wells Fargo & Co currently has a market perform rating on the stock.

H has been the topic of several other research reports. ValuEngine cut Hyatt Hotels from a buy rating to a hold rating in a research report on Saturday, August 31st. Raymond James reiterated a hold rating on shares of Hyatt Hotels in a report on Monday, August 12th. Macquarie set a $89.00 price target on Hyatt Hotels and gave the stock a buy rating in a report on Tuesday, September 17th. Credit Suisse Group upgraded Hyatt Hotels to an outperform rating in a report on Monday, August 19th. Finally, Deutsche Bank reiterated a hold rating and set a $75.00 price target on shares of Hyatt Hotels in a report on Thursday, August 1st. Fifteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $75.36.

NYSE H opened at $71.04 on Friday. The business has a 50 day simple moving average of $73.31 and a 200 day simple moving average of $75.12. Hyatt Hotels has a one year low of $63.45 and a one year high of $81.57. The stock has a market capitalization of $7.33 billion, a P/E ratio of 35.88, a P/E/G ratio of 6.57 and a beta of 1.07. 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 quarterly earnings data on Wednesday, July 31st. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.34. Hyatt Hotels had a return on equity of 6.34% and a net margin of 9.07%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Equities analysts expect that Hyatt Hotels will post 1.85 earnings per share for the current year.

In related news, insider Mark R. Vondrasek sold 3,807 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $76.54, for a total transaction of $291,387.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Udell sold 4,337 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $72.06, for a total value of $312,524.22. The disclosure for this sale can be found here. 24.70% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC bought a new stake in shares of Hyatt Hotels in the 3rd quarter valued at about $210,000. Baskin Financial Services Inc. raised its position in Hyatt Hotels by 3.4% during the 3rd quarter. Baskin Financial Services Inc. now owns 209,472 shares of the company’s stock valued at $15,432,000 after purchasing an additional 6,975 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Hyatt Hotels during the 3rd quarter valued at approximately $37,000. Northpointe Capital LLC bought a new position in Hyatt Hotels during the 3rd quarter valued at approximately $2,346,000. Finally, Cerebellum GP LLC bought a new position in shares of Hyatt Hotels in the 3rd quarter worth approximately $132,000. Hedge funds and other institutional investors own 37.53% 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 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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