Goldman Sachs Initiates Coverage on Hyatt Hotels Corporation to Neutral

Goldman Sachs Initiates Coverage on Hyatt Hotels Corporation(NYSE:H). The shares have been rated Neutral. The rating by Goldman Sachs was issued on Sep 26, 2016.

In a different note, On Aug 11, 2016, Citigroup said it Maintains its rating on Hyatt Hotels Corporation. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Evercore ISI Group said it Downgrades its rating on Hyatt Hotels Corporation. The shares have been rated ‘Sell’ by the firm. On Jul 19, 2016, Stifel Nicolaus said it Downgrades its rating on Hyatt Hotels Corporation. The shares have been rated ‘Hold’ by the firm. Wolfe Research said it Initiates Coverage on Hyatt Hotels Corporation, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Underperform’ by the firm.

Hyatt Hotels Corporation (H) made into the market gainers list on Thursdays trading session with the shares advancing 1.10% or 0.56 points. Due to strong positive momentum, the stock ended at $51.35, which is also near the day’s high of $51.84. The stock began the session at $51.09 and the volume stood at 3,46,345 shares. The 52-week high of the shares is $54.82 and the 52 week low is $34.06. The company has a current market capitalization of $6,831 M and it has 13,30,33,595 shares in outstanding.

Hyatt Hotels Corporation(H) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.17B. Analysts had an estimated revenue of $1.16B. Earnings per share were $0.64. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, Rena Hozore Reiss (officer ) sold 2,000 shares at $53.50 per share price.Also, On Aug 8, 2016, David Udell (officer ) sold 7,344 shares at $52.41 per share price.On May 13, 2016, Bradley O’bryan (officer ) sold 700 shares at $49.09 per share price, according to the Form-4 filing with the securities and exchange commission.

Hyatt Hotels Corporation is a hospitality company. The Company develops owns operates manages franchises licenses or provides services to a portfolio of properties consisting of full service hotels select service hotels resorts and other properties including timeshare fractional and other forms of residential and vacation properties. The Company’s portfolio consists of approximately 587 properties (155265 rooms and units). The Company’s service hotels and resorts operate under five brands which include Park Hyatt Andaz Hyatt Grand Hyatt and Hyatt Regency. The Company’s two select service brands are Hyatt Place and Hyatt House. The Company has four operating segments: Owned and Leased Hotels; Americas management and franchising; Southeast Asia China Australia South Korea and Japan (ASPAC) management and franchising and Europe Africa the Middle East and Southwest Asia (EAME/SW Asia) management.

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