Truist Financial Lowers Hyatt Hotels (NYSE:H) Price Target to $156.00

Hyatt Hotels (NYSE:H) had its target price cut by Truist Financial from $163.00 to $156.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

H has been the subject of several other research reports. The Goldman Sachs Group lowered their price target on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Robert W. Baird lowered their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Barclays lowered their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Evercore ISI upgraded shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Wednesday, March 5th. Finally, Macquarie lowered their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $161.97.

Hyatt Hotels Stock Down 1.8 %

H stock opened at $121.68 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels has a 1-year low of $116.13 and a 1-year high of $168.20. The firm has a fifty day moving average price of $145.42 and a two-hundred day moving average price of $151.02. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 9.78 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the previous year, the firm earned $0.64 EPS. Research analysts predict that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock valued at $1,517,798. 23.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently made changes to their positions in H. Raymond James Financial Inc. acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at about $77,136,000. Invesco Ltd. increased its holdings in shares of Hyatt Hotels by 241.4% in the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares during the period. Norges Bank acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at about $61,572,000. Alyeska Investment Group L.P. acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at about $43,953,000. Finally, Deutsche Bank AG increased its holdings in Hyatt Hotels by 209.8% in the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company’s stock worth $40,118,000 after buying an additional 173,075 shares during the last quarter. 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.