Hyatt Hotels (NYSE:H) Upgraded to “Buy” at Berenberg Bank

Berenberg Bank upgraded shares of Hyatt Hotels (NYSE:HGet Rating) from a hold rating to a buy rating in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $105.00 price target on the stock, up from their previous price target of $85.00.

Other research analysts also recently issued research reports about the company. Robert W. Baird increased their price target on Hyatt Hotels from $94.00 to $105.00 and gave the company a neutral rating in a report on Wednesday, August 24th. Barclays started coverage on Hyatt Hotels in a research note on Tuesday, June 28th. They set an overweight rating and a $103.00 price objective on the stock. StockNews.com upgraded Hyatt Hotels from a sell rating to a hold rating in a research note on Thursday, August 11th. Finally, Evercore ISI cut their price objective on Hyatt Hotels from $110.00 to $100.00 and set an in-line rating on the stock in a research note on Monday, July 11th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $103.38.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $93.44 on Thursday. Hyatt Hotels has a 1-year low of $70.12 and a 1-year high of $108.10. The business has a 50-day moving average of $86.28 and a 200-day moving average of $87.13. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 45.14 and a beta of 1.37.

Hyatt Hotels (NYSE:HGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.47. Hyatt Hotels had a negative return on equity of 1.40% and a net margin of 4.78%. During the same period in the prior year, the business earned ($1.15) earnings per share. On average, equities analysts anticipate that Hyatt Hotels will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 43,418 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $90.42, for a total transaction of $3,925,855.56. Following the completion of the transaction, the insider now directly owns 436,951 shares of the company’s stock, valued at approximately $39,509,109.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors boosted its stake in shares of Hyatt Hotels by 121.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,079 shares of the company’s stock worth $80,000 after acquiring an additional 592 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in shares of Hyatt Hotels by 17.5% in the second quarter. ExodusPoint Capital Management LP now owns 70,666 shares of the company’s stock valued at $5,223,000 after purchasing an additional 10,528 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Hyatt Hotels by 22.1% in the second quarter. Goldman Sachs Group Inc. now owns 993,955 shares of the company’s stock valued at $73,464,000 after purchasing an additional 179,637 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Hyatt Hotels in the second quarter valued at $708,000. Finally, First Republic Investment Management Inc. lifted its holdings in shares of Hyatt Hotels by 0.3% in the second quarter. First Republic Investment Management Inc. now owns 116,183 shares of the company’s stock valued at $8,587,000 after purchasing an additional 368 shares in the last quarter. 46.21% of the stock is owned by institutional investors.

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.

Further Reading

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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