Hyatt Hotels (H) Price Target Raised to $82.00

Hyatt Hotels (NYSE:H) had its target price hoisted by SunTrust Banks from $78.00 to $82.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. SunTrust Banks’ price target would indicate a potential upside of 13.35% from the company’s current price.

A number of other research firms also recently weighed in on H. Zacks Investment Research raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Friday, December 14th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Hyatt Hotels in a report on Friday, January 25th. Robert W. Baird set a $89.00 target price on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a $76.00 target price on shares of Hyatt Hotels in a research note on Friday, November 2nd. Finally, Deutsche Bank cut their target price on shares of Hyatt Hotels from $83.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Hyatt Hotels has an average rating of “Hold” and an average target price of $79.17.

NYSE H opened at $72.34 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.17. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 3.19 and a beta of 1.12. Hyatt Hotels has a fifty-two week low of $63.45 and a fifty-two week high of $84.89.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.40. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Hyatt Hotels had a return on equity of 5.83% and a net margin of 17.26%. During the same period in the previous year, the company posted $0.23 earnings per share. Analysts anticipate that Hyatt Hotels will post 2.01 earnings per share for the current fiscal year.

In other news, insider Jnp Parachute Mirror Trust B sold 2,246 shares of the stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $64.99, for a total transaction of $145,967.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 18.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. NumerixS Investment Technologies Inc bought a new position in Hyatt Hotels in the 4th quarter valued at about $61,000. Advisors Asset Management Inc. bought a new position in Hyatt Hotels in the 4th quarter valued at about $65,000. PNC Financial Services Group Inc. raised its holdings in Hyatt Hotels by 66.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,769 shares of the company’s stock valued at $119,000 after acquiring an additional 705 shares during the period. Tower Research Capital LLC TRC raised its holdings in Hyatt Hotels by 245.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,478 shares of the company’s stock valued at $197,000 after acquiring an additional 1,760 shares during the period. Finally, Veritable L.P. acquired a new position in shares of Hyatt Hotels during the 3rd quarter worth approximately $211,000. 36.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

Further Reading: What do investors mean by earnings per share?

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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