Hyatt Hotels (NYSE:H) Given New $158.00 Price Target at Truist Financial

Hyatt Hotels (NYSE:H) had its price target reduced by investment analysts at Truist Financial from $169.00 to $158.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 7.82% from the stock’s current price.

A number of other research analysts have also recently issued reports on H. Deutsche Bank Aktiengesellschaft reduced their price objective on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird set a $157.00 target price on Hyatt Hotels in a research note on Thursday, October 17th. Morgan Stanley cut their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Susquehanna cut their target price on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Finally, HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research note on Friday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $151.90.

Hyatt Hotels Price Performance

Shares of H stock traded up $1.09 on Friday, reaching $146.54. The company’s stock had a trading volume of 149,687 shares, compared to its average volume of 584,890. The company has a quick ratio of 0.82, a current 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 $14.70 billion, a P/E ratio of 15.73 and a beta of 1.50. The stock’s 50 day simple moving average is $151.00 and its 200-day simple moving average is $149.00.

Hyatt Hotels (NYSE:H) last released 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. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts predict that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at $92,373,585.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors have recently bought and sold shares of H. Allspring Global Investments Holdings LLC lifted its position in Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after purchasing an additional 199,773 shares during the period. Interval Partners LP boosted its holdings in Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after purchasing an additional 182,297 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Millennium Management LLC boosted its holdings in Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after purchasing an additional 107,412 shares during the last quarter. Finally, Natixis acquired a new position in Hyatt Hotels in the 1st quarter valued at about $14,074,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.

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.