Hyatt Hotels (NYSE:H) Price Target Raised to $161.00

Hyatt Hotels (NYSE:H) had its price objective increased by Barclays from $144.00 to $161.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently commented on H. Cfra set a $155.00 price objective on Hyatt Hotels in a research report on Thursday, October 17th. Evercore ISI boosted their price target on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Mizuho decreased their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Macquarie cut their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $152.88.

Hyatt Hotels Stock Performance

NYSE:H opened at $158.99 on Friday. The company has a fifty day moving average of $154.99 and a two-hundred day moving average of $150.40. Hyatt Hotels has a fifty-two week low of $124.40 and a fifty-two week high of $168.20. The stock has a market capitalization of $15.27 billion, a PE ratio of 11.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, research analysts forecast that Hyatt Hotels will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 23.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in Hyatt Hotels in the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. boosted its holdings in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after acquiring an additional 310 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in shares of Hyatt Hotels during the third quarter worth about $51,000. 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.