Morgan Stanley Lowers Hyatt Hotels (NYSE:H) Price Target to $209.00

Hyatt Hotels (NYSE:H) had its price objective cut by equities researchers at Morgan Stanley from $218.00 to $209.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 15.00% from the stock’s current price.

Several other equities research analysts have also recently commented on H. Barclays dropped their target price on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Truist Financial raised their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Susquehanna lifted their price objective on Hyatt Hotels from $180.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Mizuho upped their target price on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $196.64.

Hyatt Hotels Price Performance

H opened at $181.74 on Tuesday. The stock’s 50 day moving average price is $188.63 and its 200-day moving average price is $171.59. Hyatt Hotels has a 52-week low of $134.18 and a 52-week high of $206.86. The stock has a market capitalization of $17.13 billion, a PE ratio of 221.64 and a beta of 1.33. 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 quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, equities research analysts predict that Hyatt Hotels will post 3.58 EPS for the current year.

Insider Buying and Selling

In other news, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the sale, the director directly owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $185.66, for a total value of $1,896,888.22. Following the transaction, the insider owned 6,374 shares of the company’s stock, valued at $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,542 shares of company stock worth $2,680,301 in the last 90 days. Corporate insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in Hyatt Hotels during the 2nd quarter valued at about $322,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Hyatt Hotels during the second quarter valued at approximately $908,000. Corient Private Wealth LP purchased a new stake in shares of Hyatt Hotels during the second quarter valued at approximately $1,540,000. Bamco Inc. NY bought a new stake in shares of Hyatt Hotels during the second quarter valued at approximately $1,028,638,000. Finally, Bank of America Corp DE purchased a new position in Hyatt Hotels in the 2nd quarter worth approximately $23,673,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

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.