Morgan Stanley Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price target decreased by investment analysts at Morgan Stanley from $194.00 to $185.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 18.45% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Mizuho lifted their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, Truist Financial increased their target price on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average target price of $175.80.

Hyatt Hotels Price Performance

NYSE:H traded up $0.46 during trading hours on Tuesday, hitting $156.18. 408,922 shares of the stock traded hands, compared to its average volume of 923,292. The company has a market cap of $14.75 billion, a price-to-earnings ratio of -278.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average price of $163.63 and a 200 day moving average price of $154.91. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $180.53.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $1.04. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period last year, the firm earned $0.42 earnings per share. Sell-side analysts forecast that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total value of $1,583,726.76. Following the completion of the transaction, the insider directly owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. The trade was a 78.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors have recently modified their holdings of H. Bamco Inc. NY increased its position in shares of Hyatt Hotels by 2.7% in the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after acquiring an additional 1,516,554 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after buying an additional 545,003 shares during the period. Finally, Veritas Asset Management LLP lifted its stake in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after purchasing an additional 1,695,616 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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.