Hyatt Hotels (NYSE:H) had its price objective decreased by Evercore ISI from $110.00 to $100.00 in a research note published on Monday, Marketbeat reports. Evercore ISI currently has an in-line rating on the stock.
H has been the topic of a number of other research reports. Barclays started coverage on shares of Hyatt Hotels in a research note on Tuesday, June 28th. They set an overweight rating and a $103.00 target price on the stock. StockNews.com began coverage on shares of Hyatt Hotels in a report on Thursday, March 31st. They issued a sell rating on the stock. Berenberg Bank upgraded shares of Hyatt Hotels from a sell rating to a hold rating and upped their price objective for the company from $80.00 to $85.00 in a report on Monday, May 16th. Finally, Truist Financial boosted their target price on shares of Hyatt Hotels from $111.00 to $121.00 and gave the stock a na rating in a research report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $95.21.
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H stock opened at $74.16 on Monday. The stock has a market cap of $8.18 billion, a PE ratio of 529.75 and a beta of 1.41. The stock has a 50-day moving average price of $81.69 and a two-hundred day moving average price of $89.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. Hyatt Hotels has a 1 year low of $67.70 and a 1 year high of $108.10.
Hyatt Hotels (NYSE:H – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.08. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.11 billion. Hyatt Hotels had a net margin of 0.23% and a negative return on equity of 6.42%. During the same period last year, the business posted ($3.57) EPS. On average, analysts forecast that Hyatt Hotels will post -0.25 earnings per share for the current fiscal year.
In other Hyatt Hotels news, insider Mark R. Vondrasek sold 900 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $81.01, for a total value of $72,909.00. Following the sale, the insider now directly owns 5,767 shares in the company, valued at approximately $467,184.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark R. Vondrasek sold 7,141 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $94.16, for a total transaction of $672,396.56. Following the completion of the transaction, the insider now directly owns 5,767 shares in the company, valued at approximately $543,020.72. The disclosure for this sale can be found here. Insiders have sold a total of 14,480 shares of company stock worth $1,301,518 over the last 90 days. 21.24% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA purchased a new stake in shares of Hyatt Hotels in the 1st quarter worth about $220,088,000. Bank of Nova Scotia lifted its position in shares of Hyatt Hotels by 1,013.7% in the 1st quarter. Bank of Nova Scotia now owns 1,663,034 shares of the company's stock worth $158,736,000 after purchasing an additional 1,513,706 shares during the period. Sculptor Capital LP lifted its position in shares of Hyatt Hotels by 136.3% in the 1st quarter. Sculptor Capital LP now owns 1,449,124 shares of the company's stock worth $138,319,000 after purchasing an additional 835,982 shares during the period. Millennium Management LLC lifted its position in shares of Hyatt Hotels by 6,188.6% in the 4th quarter. Millennium Management LLC now owns 726,589 shares of the company's stock worth $69,680,000 after purchasing an additional 715,035 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Hyatt Hotels in the 1st quarter worth about $59,520,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.
About Hyatt Hotels (Get Rating)
Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
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