Hyatt Hotels Corporation (NYSE:H) Receives $185.07 Average Price Target from Analysts

Shares of Hyatt Hotels Corporation (NYSE:H) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $188.00.

A number of brokerages have weighed in on H. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a research note on Friday. Mizuho lifted their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup boosted their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Morgan Stanley lifted their price target on shares of Hyatt Hotels from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, April 10th.

Insider Buying and Selling

In other news, insider David Udell sold 8,682 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00. Following the completion of the sale, the insider directly owned 13,338 shares of the company’s stock, valued at approximately $2,294,136. This represents a 39.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 225,154 shares of company stock worth $37,804,562. Company insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of institutional investors have recently made changes to their positions in H. Veritas Asset Management LLP raised its holdings in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after purchasing an additional 1,695,616 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after purchasing an additional 562,611 shares in the last quarter. Finally, Par Capital Management Inc. raised its holdings in shares of Hyatt Hotels by 551.8% in the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after purchasing an additional 314,300 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Trading Down 2.3%

Shares of Hyatt Hotels stock opened at $181.17 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average of $161.30 and a two-hundred day moving average of $160.94. Hyatt Hotels has a 12-month low of $127.54 and a 12-month high of $188.50. The stock has a market cap of $17.06 billion, a PE ratio of -517.62 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.46 EPS. On average, research analysts anticipate that Hyatt Hotels will post 3.49 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s payout ratio is presently -171.43%.

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.