In yesterday’s Wall Street session, Hyatt Hotels Corporation (NYSE:H) shares traded at $159.62, down -0.76% from the previous session.
H stock price is now 11.65% away from the 50-day moving average and 31.26% away from the 200-day moving average. The market capitalization of the company currently stands at $16.47B.
With the price target of $197, Mizuho recently initiated with Buy rating for Hyatt Hotels Corporation (NYSE: H). On March 11, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $149 to quote $156, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Pritzker Traubert Foundation, sold 704,229 shares of the company’s stock on Mar 22 ’24. The stock was sold for $111,244,379 at an average price of $157.97. Upon completion of the transaction, the now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, Egan Margaret C. sold 1,000 shares of the business’s stock. A total of $157,780 was realized by selling the stock at an average price of $157.78. This leaves the insider owning 20,546 shares of the company worth $3.28 million. A total of 58.35% of the company’s stock is owned by insiders.
During the past 12 months, Hyatt Hotels Corporation has had a low of $96.77 and a high of $161.06. According to the stock market information, the enterprise value for the company is $18.75B, which is based on a 78.11 price-to-earnings ratio, a 8.22 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for H is $142.96 and a two-hundred day moving average price translates $121.60 for the stock.
The latest earnings results from Hyatt Hotels Corporation (NYSE: H) was released for Dec, 2023. According to the Lodging Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.39 by 0.25. This compares to $2.66 EPS in the same period last year. The net profit margin was 3.07% and return on equity was 6.06% for H. The company reported revenue of $1.66 billion for the quarter, compared to $1.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.53 percent. For the current quarter, analysts expect H to generate $1.71B in revenue.
Hyatt Hotels Corporation(H) Company Profile
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 Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units. It operates its properties under the Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt vacation Club, Hyatt Place, Hyatt House, Hyatt Studios, UrCove, Miraval, Alila, Andaz, Thompson Hotels, Dream Hotels, Hyatt Centric, Caption by Hyatt, The Unbound Collection by Hyatt, Destination by Hyatt, JdV by Hyatt, Hyatt Ziva, Hyatt Zilara, Zoëtry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotel & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas brand name. The company offers short-term vacation rental platform, Homes & Hideaways by World of Hyatt, that features direct booking for short-term private home rentals in the United States. It primarily serves corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fraternal organizations; travel agency and luxury organizations; and a group of individual consumers. It also operates World of Hyatt loyalty program, which rewards points that can be redeemed for hotel nights and other rewards. Hyatt Hotels Corporation was founded in 1957 and is headquartered in Chicago, Illinois.
