Hyatt Hotels (NYSE:H) Price Target Lowered to $150.00 at The Goldman Sachs Group

Hyatt Hotels (NYSE:H) had its target price decreased by The Goldman Sachs Group from $170.00 to $150.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 10.01% from the stock’s current price.

Several other brokerages have also recently weighed in on H. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Barclays lowered their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company reduced their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Truist Financial lifted their price objective on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Robert W. Baird reduced their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $162.24.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock traded down $3.52 during trading on Thursday, hitting $136.36. 189,216 shares of the company’s stock traded hands, compared to its average volume of 685,245. Hyatt Hotels has a 1 year low of $128.91 and a 1 year high of $168.20. The business has a 50-day simple moving average of $152.75 and a 200-day simple moving average of $152.87. The stock has a market capitalization of $13.11 billion, a P/E ratio of 10.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the business posted $0.64 EPS. As a group, analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 23.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after purchasing an additional 7,440 shares during the period. TT International Asset Management LTD bought a new position in Hyatt Hotels in the fourth quarter worth approximately $5,283,000. Assetmark Inc. lifted its holdings in Hyatt Hotels by 162.2% during the third quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock worth $7,464,000 after buying an additional 30,339 shares during the period. Bamco Inc. NY boosted its position in Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after acquiring an additional 68,608 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its holdings in shares of Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after acquiring an additional 130,724 shares during the period. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.