Stocks of Hyatt Hotels Corporation (NYSE:H) traded higher last session on Wall Street, up 0.85% to $148.07.
H stock price is now -3.20% away from the 50-day moving average and 15.09% away from the 200-day moving average. The market capitalization of the company currently stands at $14.98B.
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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, VONDRASEK MARK R, insider sold 15,312 shares of the company’s stock on May 17 ’24. The stock was sold for $2,284,381 at an average price of $149.19. Upon completion of the transaction, the insider now directly owns 7,298 shares in the company, valued at $1.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’24, Director KRONICK SUSAN D sold 1,189 shares of the business’s stock. A total of $177,363 was realized by selling the stock at an average price of $149.17. This leaves the insider owning 39,527 shares of the company worth $5.85 million. A total of 56.82% 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 $161.50. According to the stock market information, the enterprise value for the company is $17535131648, which is based on a 22.99 price-to-earnings ratio, a 1.26 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for H is $152.8092 and a two-hundred day moving average price translates $128.81425 for the stock.
The latest earnings results from Hyatt Hotels Corporation (NYSE: H) was released for 2024-03-31. According to the Lodging Company, earnings per share came in at 0.82, missing analysts’ expectations of 0.87 by -0.05. This compares to $0.53 EPS in the same period last year. The net profit margin was 9.51% and return on equity was 18.61% for H. The company reported revenue of $1.71 billion for the quarter, compared to $1.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.02 percent. For the current quarter, analysts expect H to generate $1.74B in revenue.
