Hyatt Hotels (NYSE:H) had its target price lifted by analysts at SunTrust Banks to $80.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has a “hold” rating on the stock. SunTrust Banks’ price target would suggest a potential downside of 0.89% from the company’s previous close.
Several other research analysts also recently issued reports on the company. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.20 to $78.00 in a report on Friday, November 10th. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, December 14th. Deutsche Bank upped their price objective on Hyatt Hotels from $78.00 to $88.00 and gave the stock a “hold” rating in a report on Friday. Morgan Stanley upped their price objective on Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $78.00 price objective on shares of Hyatt Hotels in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. Hyatt Hotels has a consensus rating of “Hold” and an average target price of $80.23.
Hyatt Hotels (NYSE:H) traded up $0.99 during midday trading on Tuesday, reaching $80.72. The company had a trading volume of 297,622 shares, compared to its average volume of 938,355. The company has a market cap of $9,479.50, a price-to-earnings ratio of 41.02, a PEG ratio of 12.31 and a beta of 1.31. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $82.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.37.
Hyatt Hotels declared that its board has authorized a share buyback plan on Thursday, December 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Mark Samuel Hoplamazian sold 49,173 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total value of $3,517,836.42. Following the transaction, the insider now owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 27.51% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Hyatt Hotels by 13.9% in the 4th quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock valued at $86,886,000 after purchasing an additional 144,212 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Hyatt Hotels by 19.2% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 122,500 shares of the company’s stock valued at $9,008,000 after buying an additional 19,717 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Hyatt Hotels by 1.5% in the 4th quarter. TIAA CREF Investment Management LLC now owns 142,166 shares of the company’s stock valued at $10,455,000 after buying an additional 2,118 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Hyatt Hotels by 4.2% in the 4th quarter. Teachers Advisors LLC now owns 95,540 shares of the company’s stock valued at $7,026,000 after buying an additional 3,887 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Hyatt Hotels by 3.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 632,306 shares of the company’s stock valued at $46,500,000 after buying an additional 18,706 shares in the last quarter. 38.74% of the stock is currently owned by institutional investors.
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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