Hyatt Hotels (NYSE:H) Price Target Raised to $208.00 at Morgan Stanley

Hyatt Hotels (NYSE:H) had its price target upped by Morgan Stanley from $195.00 to $208.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 14.81% from the stock’s current price.

A number of other brokerages also recently issued reports on H. Wells Fargo & Company boosted their price objective on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Citigroup boosted their price objective on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Mizuho boosted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Sanford C. Bernstein boosted their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.00.

Hyatt Hotels Stock Down 0.1%

Shares of NYSE H opened at $181.17 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels has a 52 week low of $127.54 and a 52 week high of $188.50. The firm’s fifty day moving average is $161.30 and its 200 day moving average is $160.97. The company has a market cap of $17.06 billion, a price-to-earnings ratio of -517.62 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, equities research analysts expect that Hyatt Hotels will post 3.49 earnings per share for the current year.

Insider Activity

In other news, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the sale, the insider owned 213,434 shares in the company, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 225,154 shares of company stock worth $37,804,562. 23.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently bought and sold shares of H. Goldman Sachs Group Inc. boosted its stake in Hyatt Hotels by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after purchasing an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Hyatt Hotels by 8.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after purchasing an additional 11,252 shares in the last quarter. Norges Bank bought a new position in Hyatt Hotels in the 2nd quarter worth about $616,000. Daiwa Securities Group Inc. boosted its stake in Hyatt Hotels by 394.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after purchasing an additional 13,812 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Hyatt Hotels by 61.0% in the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after purchasing an additional 26,073 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.