Hyatt Hotels (NYSE: H) was upgraded by TheStreet from a “d +” rating to a “c-” rating in a research report published on Thursday. TheStreetRatingsTable reported.
A number of other research analysts have also recently released reports that H. Truist upgraded Hyatt Hotels shares from a “sell” to a “hold” rating and in a report on Tuesday, August 17th Has set a target price of $ 76.00 for the company. They discovered that the move was a call for evaluation. Morgan Stanley raised its price target on Hyatt Hotels stock from $ 70.00 to $ 75.00 and rated the stock “equilibrium” in a report dated Wednesday, August 18. Loop Capital announced coverage of Hyatt Hotels shares in a report on Tuesday, October 5th. They set a “hold” rating and a target price of $ 80.00 on the stock. Stifel Nicolaus raised its price target on Hyatt Hotels shares from $ 74.00 to $ 76.50 and gave the stock a “hold” rating in a report on Monday, August 16. Finally, the Credit Suisse Group raised its price target for Hyatt Hotels shares from USD 32.00 to USD 33.00 and rated the shares as “neutral” in a research note on Friday, August 20. Two stock research analysts have rated the stock as sell and fourteen have rated the company’s stock as hold. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $ 73.97.
H-bearing Open on Thursdays at $ 86.00. The company has a quick ratio of 2.42, a current ratio of 2.43, and debt of 1.03. The company’s 50-day simple moving average is $ 76.10 and the company’s 200-day simple moving average is $ 78.55. The company has a market cap of $ 8.75 billion, a P / E of -12.91, and a beta of 1.52. Hyatt Hotels has a twelve-month low of $ 51.72 and a twelve-month high of $ 92.21.
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Hyatt Hotels (NYSE: H) last announced earnings numbers on Monday, August 2nd. The company reported earnings per share ($ 1.15) for the quarter, missing Zacks’ consensus estimate of ($ 0.85) by ($ 0.30). The company had revenue of $ 663.00 million for the quarter, compared to analyst estimates of $ 661.83 million. Hyatt Hotels had a negative return on equity of 26.17% and a negative net margin of 35.19%. On average, analysts for stock analyzes assume that Hyatt Hotels will post -5.4 EPS for the current year.
In other Hyatt Hotels news, insider Texas 8-26-22 Trust 2 sold 60,000 shares in the company in one transaction on Monday, August 9th. The shares were sold at an average price of $ 74.04 for a total value of $ 4,442,400.00. The sale was disclosed in an accessible document that has been filed with the Securities & Exchange Commission the SEC website. Insiders sold a total of 256,314 shares in the company for $ 18,818,421 in the past 90 days. Company insiders own 22.80% of the company’s shares.
A number of hedge funds recently changed their positions in the stock. Franklin Resources Inc. acquired a new stake in Hyatt Hotels in the first quarter for approximately $ 172,673,000. Manning & Napier Group LLC purchased a new stake in Hyatt Hotels for approximately $ 77,105,000 in the second quarter. Victory Capital Management Inc. increased its stake in Hyatt Hotels by 39.8% in the second quarter. Victory Capital Management Inc. now owns 1,151,570 shares in the company, valued at $ 89,408,000, after purchasing an additional 327,916 shares last quarter. Balyasny Asset Management LLC purchased a new stake in Hyatt Hotels for approximately $ 14,028,000 in the second quarter. Finally, Melvin Capital Management LP increased its position in Hyatt Hotels stocks by 5.0% in the second quarter. Melvin Capital Management LP now owns 3,650,000 shares in the company valued at $ 283,386,000 after purchasing an additional 175,000 shares last quarter. 38.99% of the shares are currently owned by institutional investors.
About Hyatt Hotels
Hyatt Hotels Corp. deals with the development and management of resort and hotel chains. It operates in the following segments: Own and leased hotels; America’s Management and Franchising; ASPAC management and franchising; and EAME / SW Asia Management and Franchising. The Owned and Leased Hotels segment offers hospitality services and hotels.
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