Hyatt Hotels Corporation (NYSE:H) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $196.6429.

H has been the subject of a number of recent research reports. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Morgan Stanley decreased their target price on shares of Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. JPMorgan Chase & Co. cut their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein increased their price target on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Barclays reduced their price objective on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st.

Hyatt Hotels Stock Performance

Shares of H opened at $167.06 on Tuesday. The firm has a market cap of $15.74 billion, a P/E ratio of 203.73 and a beta of 1.33. Hyatt Hotels has a twelve month low of $134.18 and a twelve month high of $206.86. The firm’s 50 day moving average price is $184.39 and its two-hundred day moving average price is $172.80. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. Hyatt Hotels’s revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s payout ratio is 73.17%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director directly owned 29,525 shares of the company’s stock, valued at $5,310,957. The trade was a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. raised its position in shares of Hyatt Hotels by 450.0% in 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 in the last quarter. Los Angeles Capital Management LLC bought a new position in Hyatt Hotels in the 4th quarter worth about $26,000. DV Equities LLC purchased a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $32,000. Raiffeisen Bank International AG boosted its position in shares of Hyatt Hotels by 140.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Hyatt Hotels during the third quarter worth about $34,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

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.