Hyatt Hotels (H) PT Set at $78.00 by Robert W. Baird

Hyatt Hotels (NYSE:H) received a $78.00 price objective from research analysts at Robert W. Baird in a report released on Friday. The brokerage presently has a “buy” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 9.47% from the stock’s previous close.

Several other brokerages also recently weighed in on H. MKM Partners raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Thursday, December 7th. Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday. Berenberg Bank raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and upped their target price for the stock from $69.20 to $78.00 in a research note on Friday, November 10th. Stifel Nicolaus upped their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, November 6th. Finally, B. Riley downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.27.

Hyatt Hotels (H) opened at $71.25 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. Hyatt Hotels has a fifty-two week low of $50.21 and a fifty-two week high of $73.33. The company has a market cap of $8,467.70, a P/E ratio of 39.57, a PEG ratio of 10.13 and a beta of 1.25.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.47 EPS. research analysts anticipate that Hyatt Hotels will post 1.73 earnings per share for the current year.

Hyatt Hotels announced that its Board of Directors has approved a share buyback plan on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, insider Rena Hozore Reiss sold 4,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $61.43, for a total value of $245,720.00. Following the completion of the transaction, the insider now owns 30,881 shares in the company, valued at approximately $1,897,019.83. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the company’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 transaction, the insider now owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,000,001 shares of company stock worth $68,120,268. Insiders own 27.51% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Hyatt Hotels by 16.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,442 shares of the company’s stock valued at $1,201,000 after buying an additional 2,782 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Hyatt Hotels by 4.9% in the 3rd quarter. California Public Employees Retirement System now owns 102,716 shares of the company’s stock valued at $6,347,000 after buying an additional 4,816 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of Hyatt Hotels by 0.4% in the 3rd quarter. Bamco Inc. NY now owns 4,456,997 shares of the company’s stock valued at $275,398,000 after buying an additional 17,660 shares in the last quarter. Highbridge Capital Management LLC boosted its holdings in shares of Hyatt Hotels by 483.4% in the 3rd quarter. Highbridge Capital Management LLC now owns 62,129 shares of the company’s stock valued at $3,839,000 after buying an additional 51,479 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Hyatt Hotels by 585.1% in the 3rd quarter. Jane Street Group LLC now owns 34,723 shares of the company’s stock valued at $2,146,000 after buying an additional 29,655 shares in the last quarter. Institutional investors and hedge funds own 38.83% of the company’s stock.

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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).

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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