Jefferies Financial Group Reiterates “Hold” Rating for Hyatt Hotels (H)

Hyatt Hotels (NYSE:H)‘s stock had its “hold” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Friday. They presently have a $76.00 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 6.40% from the company’s current price. Jefferies Financial Group also issued estimates for Hyatt Hotels’ Q4 2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.62 EPS, FY2019 earnings at $2.44 EPS and FY2020 earnings at $2.97 EPS.

A number of other brokerages have also issued reports on H. Berenberg Bank lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating and upped their price target for the company from $83.00 to $87.50 in a research note on Thursday, July 19th. Zacks Investment Research upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Monday, July 9th. Longbow Research started coverage on shares of Hyatt Hotels in a research note on Friday, September 7th. They set a “buy” rating and a $99.00 price target on the stock. SunTrust Banks cut their price objective on shares of Hyatt Hotels to $78.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Robert W. Baird set a $88.00 price objective on shares of Hyatt Hotels and gave the stock a “buy” rating in a research note on Friday, October 19th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.41.

Hyatt Hotels stock traded down $0.16 during mid-day trading on Friday, reaching $71.43. 1,136,017 shares of the company traded hands, compared to its average volume of 967,437. The company has a current ratio of 2.17, a quick ratio of 1.87 and a debt-to-equity ratio of 0.41. Hyatt Hotels has a fifty-two week low of $64.82 and a fifty-two week high of $84.89. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 4.51 and a beta of 1.28.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.95%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.26 EPS. On average, sell-side analysts predict that Hyatt Hotels will post 1.58 EPS for the current fiscal year.

In related news, insider 8-26-22 Gp Llc sold 196,719 shares of the stock in a transaction 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 sale, the insider now directly owns 100,000 shares of the company’s stock, valued at $7,809,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider H Co Lp Lci sold 110,480 shares of the stock in a transaction on Wednesday, August 22nd. The stock was 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 corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cutler Group LP purchased a new stake in Hyatt Hotels during the second quarter worth $154,000. Point72 Hong Kong Ltd boosted its holdings in Hyatt Hotels by 54.7% during the second quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock worth $195,000 after buying an additional 892 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in Hyatt Hotels during the third quarter worth $203,000. Intrust Bank NA purchased a new stake in Hyatt Hotels during the second quarter worth $210,000. Finally, Vident Investment Advisory LLC purchased a new stake in Hyatt Hotels during the second quarter worth $225,000. 37.36% of the stock is currently owned by hedge funds and other institutional investors.

About Hyatt Hotels

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.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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