Hyatt Hotels (NYSE:H) Given New $144.00 Price Target at Morgan Stanley

Hyatt Hotels (NYSE:H) had its target price reduced by investment analysts at Morgan Stanley from $157.00 to $144.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 6.35% from the company’s current price.

Several other research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Macquarie cut their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Truist Financial boosted their target price on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Robert W. Baird cut their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $162.08.

Hyatt Hotels Stock Down 3.2 %

NYSE:H traded down $4.48 during trading hours on Tuesday, hitting $135.40. 169,258 shares of the stock traded hands, compared to its average volume of 681,519. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 10.92 and a beta of 1.48. The firm has a 50 day moving average price of $153.17 and a 200 day moving average price of $152.91. 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 has a fifty-two week low of $128.91 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company posted $0.64 earnings per share. Equities research analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently modified their holdings of H. Bamco Inc. NY grew its position in Hyatt Hotels by 1.2% during the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company’s stock worth $871,363,000 after buying an additional 67,385 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Hyatt Hotels by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock valued at $447,376,000 after acquiring an additional 9,477 shares during the period. Principal Financial Group Inc. raised its position in Hyatt Hotels by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after purchasing an additional 46,413 shares in the last quarter. Wellington Management Group LLP lifted its stake in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares during the period. Finally, Bank of Nova Scotia grew its stake in shares of Hyatt Hotels by 2.2% in the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock valued at $269,532,000 after purchasing an additional 37,057 shares during the period. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

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.