Hyatt Hotels (NYSE:H) Price Target Cut to $145.00 by Analysts at Evercore ISI

Hyatt Hotels (NYSE:H) had its price target lowered by Evercore ISI from $155.00 to $145.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other analysts have also commented on H. Macquarie decreased their price objective on Hyatt Hotels from $168.00 to $164.00 and set an outperform rating for the company in a report on Wednesday. Robert W. Baird raised their target price on shares of Hyatt Hotels from $160.00 to $162.00 and gave the stock a neutral rating in a report on Friday, May 17th. Truist Financial lowered their price target on shares of Hyatt Hotels from $172.00 to $168.00 and set a buy rating on the stock in a report on Thursday, May 30th. StockNews.com raised Hyatt Hotels from a sell rating to a hold rating in a report on Monday, July 15th. Finally, Susquehanna started coverage on Hyatt Hotels in a report on Friday, June 21st. They set a neutral rating and a $160.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Hyatt Hotels has an average rating of Hold and a consensus target price of $150.11.

Hyatt Hotels Trading Up 2.3 %

Shares of H stock traded up $2.95 on Wednesday, reaching $133.31. 780,892 shares of the company’s stock were exchanged, compared to its average volume of 613,770. The company’s fifty day simple moving average is $148.49 and its 200 day simple moving average is $147.81. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $162.24. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $13.49 billion, a PE ratio of 20.73 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted 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 company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same quarter last year, the firm posted $0.82 EPS. As a group, analysts forecast that Hyatt Hotels will post 3.47 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, August 27th. Hyatt Hotels’s payout ratio is presently 9.32%.

Insiders Place Their Bets

In related news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the transaction, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joan Bottarini sold 305 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the sale, the insider now directly owns 15,799 shares in the company, valued at approximately $2,338,252. The disclosure for this sale can be found here. 23.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Hyatt Hotels in the 4th quarter valued at $72,086,000. Bain Capital Public Equity Management II LLC acquired a new stake in Hyatt Hotels in the fourth quarter valued at $57,284,000. Franklin Resources Inc. lifted its holdings in Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after buying an additional 432,594 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Hyatt Hotels during the 1st quarter worth about $48,302,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Hyatt Hotels by 333.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after acquiring an additional 199,773 shares during the last quarter. 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.