Hyatt Hotels (NYSE:H) Earns Buy Rating from Analysts at Mizuho

Mizuho initiated coverage on shares of Hyatt Hotels (NYSE:H) in a research report released on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $197.00 target price on the stock.

A number of other equities analysts have also commented on the company. Morgan Stanley lowered Hyatt Hotels from an overweight rating to an equal weight rating and increased their price target for the company from $149.00 to $156.00 in a research note on Monday, March 11th. TheStreet raised Hyatt Hotels from a c+ rating to a b- rating in a research note on Thursday, December 14th. Truist Financial boosted their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a research report on Thursday, March 14th. TD Cowen raised their target price on shares of Hyatt Hotels from $95.00 to $160.00 and gave the stock a market perform rating in a report on Thursday, March 21st. Finally, Evercore ISI reaffirmed an in-line rating and set a $135.00 price target on shares of Hyatt Hotels in a research note on Monday, February 5th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Hyatt Hotels presently has an average rating of Hold and an average target price of $138.24.

Hyatt Hotels Stock Performance

Shares of H opened at $159.62 on Tuesday. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $161.50. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 78.25, a PEG ratio of 22.91 and a beta of 1.49. The business has a 50-day simple moving average of $144.24 and a two-hundred day simple moving average of $125.07.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm earned $2.55 EPS. On average, analysts expect that Hyatt Hotels will post 3.25 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 29.41%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Jnp Parachute Mirror Trust L sold 66,701 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $126.21, for a total transaction of $8,418,333.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Jnp Parachute Mirror Trust L sold 66,701 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $126.21, for a total value of $8,418,333.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the transaction, the insider now owns 459,000 shares in the company, valued at approximately $72,737,730. The disclosure for this sale can be found here. Insiders sold a total of 2,144,504 shares of company stock worth $333,945,183 over the last three months. Corporate insiders own 21.24% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of Hyatt Hotels by 340.1% in the fourth quarter. Morgan Stanley now owns 2,033,818 shares of the company’s stock valued at $183,959,000 after purchasing an additional 1,571,739 shares during the period. Select Equity Group L.P. boosted its position in Hyatt Hotels by 196.2% in the first quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company’s stock valued at $246,697,000 after buying an additional 1,461,693 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Hyatt Hotels by 4,359.5% in the 3rd quarter. Alliancebernstein L.P. now owns 981,529 shares of the company’s stock worth $79,465,000 after buying an additional 959,519 shares during the period. Sculptor Capital LP raised its position in Hyatt Hotels by 136.3% during the 1st quarter. Sculptor Capital LP now owns 1,449,124 shares of the company’s stock worth $138,319,000 after buying an additional 835,982 shares during the last quarter. Finally, Norges Bank acquired a new stake in Hyatt Hotels during the 4th quarter valued at approximately $68,934,000. Institutional investors and hedge funds 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.