Hyatt Hotels (H) Receives New Coverage from Analysts at Cowen

Cowen started coverage on shares of Hyatt Hotels (NYSE:H) in a research note released on Monday, MarketBeat.com reports. The brokerage issued a market perform rating and a $75.00 price target on the stock.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Hyatt Hotels from a buy rating to a hold rating in a research report on Wednesday, August 22nd. Longbow Research began coverage on shares of Hyatt Hotels in a research report on Friday, September 7th. They issued a buy rating and a $99.00 price objective on the stock. Berenberg Bank lowered shares of Hyatt Hotels from a buy rating to a hold rating and lifted their price objective for the stock from $83.00 to $87.50 in a research report on Thursday, July 19th. Robert W. Baird set a $88.00 price objective on shares of Hyatt Hotels and gave the stock a buy rating in a research report on Friday, October 19th. Finally, Jefferies Financial Group reaffirmed a hold rating and issued a $84.00 price objective on shares of Hyatt Hotels in a research report on Thursday, October 4th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Hyatt Hotels has a consensus rating of Buy and an average target price of $84.77.

Shares of H traded up $0.36 during trading hours on Monday, reaching $67.78. 30,105 shares of the stock traded hands, compared to its average volume of 803,013. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.89 and a quick ratio of 1.87. Hyatt Hotels has a 52 week low of $61.80 and a 52 week high of $84.89. The firm has a market capitalization of $7.74 billion, a P/E ratio of 38.04, a PEG ratio of 4.47 and a beta of 1.25.



Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.24. Hyatt Hotels had a net margin of 12.76% and a return on equity of 4.91%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. On average, equities research analysts expect that Hyatt Hotels will post 1.55 earnings per share for the current year.

In related news, insider 8-26-22 Gp Llc sold 196,719 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $78.09, for a total transaction of $15,361,786.71. Following the completion of the transaction, the insider now owns 100,000 shares of the company’s stock, valued at $7,809,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider H Co Lp Lci sold 110,480 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total transaction of $8,701,404.80. The disclosure for this sale can be found here. 18.40% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of H. Glenmede Trust Co. NA purchased a new position in Hyatt Hotels during the second quarter valued at approximately $19,708,000. Renaissance Technologies LLC grew its stake in Hyatt Hotels by 21.3% during the second quarter. Renaissance Technologies LLC now owns 1,227,400 shares of the company’s stock valued at $94,694,000 after acquiring an additional 215,700 shares in the last quarter. Baskin Financial Services Inc. purchased a new position in Hyatt Hotels during the third quarter valued at approximately $13,891,000. Natixis grew its stake in Hyatt Hotels by 1,049.7% during the second quarter. Natixis now owns 138,500 shares of the company’s stock valued at $10,685,000 after acquiring an additional 126,453 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its stake in Hyatt Hotels by 72.7% during the second quarter. OppenheimerFunds Inc. now owns 269,523 shares of the company’s stock valued at $20,793,000 after acquiring an additional 113,488 shares in the last quarter. 37.23% of the stock is owned by institutional investors.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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