Wells Fargo & Company Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price objective upped by Wells Fargo & Company from $182.00 to $186.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 3.79% from the stock’s previous close.

Several other brokerages have also recently commented on H. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Wednesday, June 24th. Truist Financial increased their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Barclays lifted their target price on shares of Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, Sanford C. Bernstein upped their target price on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.43.

Hyatt Hotels Price Performance

NYSE:H traded up $2.34 during mid-day trading on Thursday, reaching $193.34. 18,478 shares of the stock were exchanged, compared to its average volume of 855,570. Hyatt Hotels has a 1-year low of $133.51 and a 1-year high of $206.86. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $18.20 billion, a PE ratio of -551.84 and a beta of 1.32. The business has a fifty day moving average price of $186.45 and a 200 day moving average price of $168.90.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.46 EPS. Research analysts expect that Hyatt Hotels will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 2,087 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the transaction, the insider directly owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the sale, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 236,658 shares of company stock worth $39,977,159. Insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently added to or reduced their stakes in H. Johnson Financial Group Inc. boosted its holdings in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels during the fourth quarter valued at approximately $26,000. DV Equities LLC bought a new stake in Hyatt Hotels in the fourth quarter valued at approximately $32,000. Ares Financial Consulting LLC acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Hyatt Hotels during the 3rd quarter worth approximately $34,000. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

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.