Hyatt Hotels Corporation (H) is Downgraded by Sun Trust Rbsn Humphrey to Neutral

Hyatt Hotels Corporation (H) was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sun Trust Rbsn Humphrey advised their investors in a research report released on Apr 18, 2016.

Many Wall Street Analysts have commented on Hyatt Hotels Corporation. Hyatt Hotels Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 17, 2016. Company shares were Reiterated by Telsey Advisory Group on Feb 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .Company shares were Reiterated by Deutsche Bank on Feb 19, 2016 to “Hold”, Firm has raised the Price Target to $ 47 from a previous price target of $46 .

On the company’s financial health, Hyatt Hotels Corporation reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $0.24. The company had revenue of $1109.00 million for the quarter, compared to analysts expectations of $1102.36 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Hyatt Hotels Corporation closed down -0.53 points or -1.09% at $48.09 with 1,86,202 shares getting traded on Friday. Post opening the session at $48.51, the shares hit an intraday low of $48.04 and an intraday high of $48.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 12, 2016, Robert W.k. Webb (officer ) sold 2,300 shares at $47.81 per share price.

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.

Hyatt Hotels Corporation

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