Hyatt Hotels (NYSE:H) Price Target Raised to $189.00

Hyatt Hotels (NYSE:H) had its price target upped by investment analysts at Wells Fargo & Company from $184.00 to $189.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.61% from the stock’s current price.

A number of other brokerages also recently weighed in on H. Mizuho raised their target price on shares of Hyatt Hotels from $221.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Susquehanna lowered their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Barclays boosted their price target on Hyatt Hotels from $201.00 to $202.00 and gave the stock an “overweight” rating in a research report on Friday. Freedom Broker assumed coverage on Hyatt Hotels in a research note on Wednesday, October 14th. They issued a “buy” rating and a $192.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $197.56.

Hyatt Hotels Stock Up 1.0%

Shares of Hyatt Hotels stock traded up $1.75 during trading on Monday, hitting $170.88. The company’s stock had a trading volume of 85,689 shares, compared to its average volume of 838,319. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The company has a fifty day simple moving average of $166.06 and a two-hundred day simple moving average of $174.04. The company has a market capitalization of $16.10 billion, a PE ratio of 207.98 and a beta of 1.40. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company posted $0.68 EPS. Hyatt Hotels’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Hyatt Hotels will post 3.54 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,700 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 29,525 shares of the company’s stock, valued at $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the transaction, the insider owned 4,894 shares of the company’s stock, valued at approximately $798,015.64. The trade was a 21.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Hyatt Hotels by 19.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company’s stock worth $42,608,000 after purchasing an additional 48,002 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Hyatt Hotels during the second quarter valued at $56,408,000. Amundi lifted its holdings in shares of Hyatt Hotels by 70.9% during the first quarter. Amundi now owns 189,272 shares of the company’s stock valued at $27,215,000 after purchasing an additional 78,544 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Hyatt Hotels by 5.2% during the first quarter. Quantinno Capital Management LP now owns 158,946 shares of the company’s stock valued at $22,855,000 after buying an additional 7,835 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Hyatt Hotels by 6.4% during the first quarter. Swiss National Bank now owns 122,700 shares of the company’s stock valued at $17,643,000 after buying an additional 7,400 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.