Hyatt Hotels Corporation (H) is Downgraded by BofA/Merrill to Neutral

Hyatt Hotels Corporation (H) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on May 19, 2016.

Many Wall Street Analysts have commented on Hyatt Hotels Corporation. Company shares were Reiterated by Telsey Advisory Group on May 4, 2016 to “Market Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $49 .Company shares were Reiterated by Stifel on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Company shares were Reiterated by MKM Partners on May 4, 2016 to “Sell”, Firm has raised the Price Target to $ 44 from a previous price target of $39 .

On the company’s financial health, Hyatt Hotels Corporation reported $0.25 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.25.Analysts expectations of $ 1090.81.During the same quarter in the previous year, the company posted $0.11 EPS.

Hyatt Hotels Corporation opened for trading at $47.79 and hit $48.18 on the upside on Monday, eventually ending the session at $47.9, with a gain of 0.19% or 0.09 points. The heightened volatility saw the trading volume jump to 2,82,684 shares. Company has a market cap of $6,436 M.

Investors should note that on May 6, 2016, Hyatt Hotels Corporation announced a cash dividend of $0.2100. The company’s management has announced Jun 10, 2016 as the ex-dividend date and fixed the record date on Jun 14, 2016. The payable date has been fixed on Jun 30, 2016.

In a different news, on May 13, 2016, Bradley O’bryan (officer ) sold 700 shares at $49.09 per share price. According to the SEC, on May 9, 2016, Patrick J Grismer (officer ) purchased 25,000 shares at $48.98 per share price. On Apr 12, 2016, Robert W.k. Webb (officer ) sold 2,300 shares at $47.81 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.

Hyatt Hotels Corporation

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