Cowen Analysts Give Hyatt Hotels (NYSE:H) a $70.00 Price Target

Cowen set a $70.00 target price on Hyatt Hotels (NYSE:H) in a research report sent to investors on Wednesday morning, TipRanks reports. The firm currently has a hold rating on the stock.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Hyatt Hotels from $78.00 to $73.00 and set a neutral rating on the stock in a research note on Friday, September 6th. BMO Capital Markets restated a hold rating and set a $25.00 target price on shares of Hyatt Hotels in a research note on Monday, September 9th. Credit Suisse Group upgraded shares of Hyatt Hotels to an outperform rating in a research note on Monday, August 19th. Macquarie set a $89.00 target price on shares of Hyatt Hotels and gave the stock a buy rating in a research note on Tuesday, September 17th. Finally, Goldman Sachs Group upgraded shares of Hyatt Hotels from a neutral rating to a buy rating and upped their target price for the stock from $88.00 to $91.00 in a research note on Thursday, September 19th. Fifteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $75.60.

H stock opened at $71.70 on Wednesday. The company’s 50 day moving average price is $73.56 and its 200 day moving average price is $75.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.17. Hyatt Hotels has a fifty-two week low of $63.45 and a fifty-two week high of $81.57. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 5.42 and a beta of 1.07.

Hyatt Hotels (NYSE:H) last released its earnings results on Wednesday, July 31st. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.34. Hyatt Hotels had a net margin of 9.07% and a return on equity of 6.34%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Equities analysts forecast that Hyatt Hotels will post 1.86 EPS for the current fiscal year.

In other news, insider H. Charles Floyd sold 6,500 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $78.00, for a total value of $507,000.00. Following the completion of the sale, the insider now directly owns 41,475 shares of the company’s stock, valued at $3,235,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark R. Vondrasek sold 3,807 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $76.54, for a total value of $291,387.78. The disclosure for this sale can be found here. Insiders sold 14,644 shares of company stock valued at $1,110,912 over the last ninety days. 24.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of H. Envestnet Asset Management Inc. boosted its holdings in shares of Hyatt Hotels by 31.6% in the first quarter. Envestnet Asset Management Inc. now owns 70,803 shares of the company’s stock valued at $5,138,000 after acquiring an additional 17,008 shares during the period. GYL Financial Synergies LLC acquired a new stake in shares of Hyatt Hotels in the first quarter valued at approximately $752,000. Long Pond Capital LP boosted its holdings in shares of Hyatt Hotels by 215.6% in the first quarter. Long Pond Capital LP now owns 2,486,840 shares of the company’s stock valued at $180,470,000 after acquiring an additional 1,698,840 shares during the period. Marshall Wace LLP lifted its holdings in shares of Hyatt Hotels by 3,634.7% during the first quarter. Marshall Wace LLP now owns 357,826 shares of the company’s stock worth $25,967,000 after purchasing an additional 348,245 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Hyatt Hotels during the first quarter worth $98,000. 37.54% of the stock is owned by institutional investors and hedge funds.

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 through 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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