Hyatt Hotels Corporation (H) is Downgraded by Wells Fargo to Market Perform

Hyatt Hotels Corporation (H) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Jun 14, 2016.

Many Wall Street Analysts have commented on Hyatt Hotels Corporation. Hyatt Hotels Corporation was Downgraded by BofA/Merrill to ” Neutral” on May 19, 2016. 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 .

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 closed down -0.64 points or -1.33% at $47.5 with 2,46,810 shares getting traded on Friday. Post opening the session at $47.72, the shares hit an intraday low of $47.1 and an intraday high of $47.9997 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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