Hyatt Hotels (NYSE:H) Price Target Raised to $163.00

Hyatt Hotels (NYSE:H) had its price target hoisted by Truist Financial from $158.00 to $163.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on H. Morgan Stanley reduced their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research note on Friday, November 1st. Macquarie dropped their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group boosted their price objective on Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and an average target price of $162.29.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $145.87 on Tuesday. The firm has a market capitalization of $14.01 billion, a P/E ratio of 11.73 and a beta of 1.48. The stock has a fifty day moving average price of $155.64 and a 200 day moving average price of $152.44. Hyatt Hotels has a 52 week low of $128.91 and a 52 week high of $168.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted $0.64 EPS. Equities research analysts anticipate that Hyatt Hotels will post 3.31 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 23.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several large investors have recently added to or reduced their stakes in H. Asset Management One Co. Ltd. boosted its position in Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after buying an additional 66 shares during the last quarter. PFG Investments LLC increased its position in shares of Hyatt Hotels by 1.5% in the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after acquiring an additional 70 shares during the last quarter. Townsquare Capital LLC grew its holdings in Hyatt Hotels by 3.4% during the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock worth $440,000 after purchasing an additional 92 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Hyatt Hotels by 0.6% during the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after acquiring an additional 95 shares during the period. Finally, Kensington Investment Counsel LLC boosted its holdings in shares of Hyatt Hotels by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock worth $2,136,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.