Stifel Nicolaus Boosts Hyatt Hotels (NYSE:H) Price Target to $151.00

Hyatt Hotels (NYSE:H) had its target price boosted by analysts at Stifel Nicolaus from $141.00 to $151.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 3.92% from the stock’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley lowered their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Mizuho reduced their price target on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial reduced their price target on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Barclays upped their price target on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, Macquarie cut their price target on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $149.17.

Hyatt Hotels Trading Up 1.6 %

NYSE:H opened at $145.31 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50-day simple moving average of $147.34 and a 200-day simple moving average of $148.46. Hyatt Hotels has a one year low of $96.77 and a one year high of $162.24. The firm has a market cap of $14.70 billion, a P/E ratio of 22.56 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities analysts anticipate that Hyatt Hotels will post 3.47 EPS for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, insider Joan Bottarini sold 305 shares of Hyatt Hotels stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares in the company, valued at approximately $2,338,252. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joan Bottarini sold 305 shares of Hyatt Hotels stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The disclosure for this sale can be found here. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in H. Norges Bank purchased a new position in Hyatt Hotels in the 4th quarter valued at approximately $72,086,000. Bain Capital Public Equity Management II LLC purchased a new stake in shares of Hyatt Hotels during the 4th quarter worth $57,284,000. Franklin Resources Inc. lifted its position in shares of 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 purchasing an additional 432,594 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Hyatt Hotels during the 1st quarter worth $48,302,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Hyatt Hotels by 333.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares during the last quarter. Hedge funds and other institutional investors own 71.02% 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.