Hyatt Hotels (NYSE:H) PT Raised to $169.00 at Truist Financial

Hyatt Hotels (NYSE:H) had its price target increased by equities research analysts at Truist Financial from $164.00 to $169.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 11.51% from the company’s current price.

H has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Sanford C. Bernstein dropped their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Barclays increased their target price on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and an average price target of $148.47.

Hyatt Hotels Stock Down 0.5 %

Shares of H opened at $151.55 on Monday. The business’s 50 day moving average is $147.70 and its 200 day moving average is $149.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. The company has a market capitalization of $15.33 billion, a PE ratio of 23.53 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same quarter in the previous year, the company earned $0.82 EPS. Research analysts expect that Hyatt Hotels will post 3.93 earnings per share for the current fiscal year.

Insider Activity at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently modified their holdings of H. Creative Planning increased its holdings in shares of Hyatt Hotels by 7.1% during the 3rd quarter. Creative Planning now owns 4,544 shares of the company’s stock valued at $692,000 after purchasing an additional 300 shares in the last quarter. Procyon Advisors LLC increased its holdings in Hyatt Hotels by 6.2% in the third quarter. Procyon Advisors LLC now owns 3,125 shares of the company’s stock valued at $476,000 after buying an additional 183 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Hyatt Hotels by 31.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 485 shares of the company’s stock valued at $74,000 after purchasing an additional 115 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Hyatt Hotels by 81.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,363 shares of the company’s stock worth $1,425,000 after purchasing an additional 4,216 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Hyatt Hotels during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

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.