Hyatt Hotels’ (H) “In-Line” Rating Reiterated at Evercore ISI

Evercore ISI restated their in-line rating on shares of Hyatt Hotels (NYSE:H) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has a $175.00 price objective on the stock, up from their previous price objective of $170.00.

Several other equities analysts have also recently issued reports on the stock. Barclays dropped their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a research note on Wednesday, January 14th. They set a “buy” rating and a $198.00 price target on the stock. Morgan Stanley raised their price objective on shares of Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Truist Financial lifted their price objective on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Wells Fargo & Company began coverage on Hyatt Hotels in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $154.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels has an average rating of “Moderate Buy” and an average price target of $172.06.

Hyatt Hotels Stock Performance

Shares of H stock opened at $163.84 on Thursday. The stock’s 50-day moving average price is $162.36 and its 200 day moving average price is $150.72. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $15.56 billion, a PE ratio of -176.17, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. Hyatt Hotels has a 52-week low of $102.43 and a 52-week high of $174.58.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, November 24th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is -64.52%.

Insiders Place Their Bets

In related news, insider David Udell sold 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total value of $713,800.00. Following the sale, the insider owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. This trade represents a 23.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the transaction, the insider owned 2,684 shares of the company’s stock, valued at $445,195.08. This represents a 78.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,383 shares of company stock valued at $5,321,682 over the last quarter. Insiders own 23.70% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC increased its position in Hyatt Hotels by 0.8% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock valued at $1,339,000 after acquiring an additional 72 shares during the period. Allworth Financial LP grew its stake in shares of Hyatt Hotels by 17.8% in the third quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after purchasing an additional 73 shares in the last quarter. New England Research & Management Inc. increased its holdings in shares of Hyatt Hotels by 0.3% during the third quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock valued at $3,314,000 after purchasing an additional 80 shares during the period. Atria Investments Inc raised its stake in shares of Hyatt Hotels by 4.1% during the second quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after purchasing an additional 81 shares in the last quarter. Finally, Gilbert & Cook Inc. lifted its holdings in Hyatt Hotels by 3.5% in the fourth quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock worth $391,000 after purchasing an additional 83 shares during the period. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.