Hyatt Hotels (NYSE:H) Price Target Raised to $181.00

Hyatt Hotels (NYSE:H) had its target price boosted by Truist Financial from $168.00 to $181.00 in a research report report published on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 price objective on shares of Hyatt Hotels in a report on Friday, January 2nd. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a research report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 target price on the stock. Barclays boosted their target price on shares of Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Mizuho raised their price target on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Hyatt Hotels has an average rating of “Moderate Buy” and an average target price of $176.67.

Hyatt Hotels Stock Performance

NYSE H opened at $142.42 on Thursday. The stock has a market capitalization of $13.45 billion, a price-to-earnings ratio of -254.31, a PEG ratio of 1.68 and a beta of 1.22. The stock has a 50-day moving average of $157.84 and a 200 day moving average of $154.96. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels has a twelve month low of $102.43 and a twelve month high of $180.53.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $0.29 by $1.04. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period last year, the company earned $0.42 earnings per share. Sell-side analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently -107.14%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the transaction, the insider owned 545 shares of the company’s stock, valued at approximately $80,267.60. The trade was a 42.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in shares of Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after purchasing an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after purchasing an additional 11,252 shares during the period. Creative Planning boosted its holdings in Hyatt Hotels by 54.6% in the 2nd quarter. Creative Planning now owns 9,196 shares of the company’s stock valued at $1,284,000 after purchasing an additional 3,249 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Hyatt Hotels by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 8,665 shares of the company’s stock valued at $1,210,000 after buying an additional 278 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Swiss National Bank now owns 127,100 shares of the company’s stock worth $17,750,000 after buying an additional 7,800 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

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.