Hyatt Hotels (NYSE:H) Price Target Raised to $194.00

Hyatt Hotels (NYSE:H) had its price objective raised by Robert W. Baird from $188.00 to $194.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently commented on the stock. Morgan Stanley raised their target price on shares of Hyatt Hotels from $211.00 to $224.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Hyatt Hotels from $207.00 to $206.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, September 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $215.00 price objective on shares of Hyatt Hotels in a research report on Friday, October 30th. Finally, Susquehanna reduced their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.62.

Hyatt Hotels Trading Up 2.5%

NYSE H opened at $190.13 on Monday. Hyatt Hotels has a one year low of $134.73 and a one year high of $206.86. The company’s 50 day moving average price is $166.28 and its 200 day moving average price is $170.11. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 98.51 and a beta of 1.37.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. Hyatt Hotels had a net margin of 2.62% and a return on equity of 11.63%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the company posted ($0.30) earnings per share. Hyatt Hotels’s revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Hyatt Hotels will post 3.76 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 23rd. Hyatt Hotels’s payout ratio is presently 31.09%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Amar Lalvani sold 1,364 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the sale, the insider directly owned 4,894 shares of the company’s stock, valued at $798,015.64. This trade represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Kronick sold 1,700 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This trade represents a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Hedge funds and other institutional investors have recently modified their holdings of the company. Flynn Zito Capital Management LLC lifted its stake in shares of Hyatt Hotels by 20.6% in the third quarter. Flynn Zito Capital Management LLC now owns 1,833 shares of the company’s stock valued at $291,000 after buying an additional 313 shares during the period. Retirement Systems of Alabama grew its position in Hyatt Hotels by 0.5% during the third quarter. Retirement Systems of Alabama now owns 104,371 shares of the company’s stock worth $16,549,000 after buying an additional 471 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in Hyatt Hotels during the third quarter worth about $42,000. Allspring Global Investments Holdings LLC increased its stake in Hyatt Hotels by 20.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 287,364 shares of the company’s stock valued at $46,248,000 after acquiring an additional 47,977 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in shares of Hyatt Hotels by 1,178.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 247,954 shares of the company’s stock worth $39,316,000 after acquiring an additional 228,561 shares during the period. Institutional investors own 73.54% of the company’s stock.

Key Headlines Impacting Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: Analysts at Robert W. Baird and Freedom Broker reportedly expect Hyatt’s stock to rise, providing a positive signal, though the reports provided no target prices or rationale. Robert W. Baird analyst article Freedom Broker analyst article
• Positive Sentiment: Hyatt is adding properties and expanding its reach: Grand Hyatt The Red Sea has opened in Saudi Arabia, the Unbound Collection has added its first adults-only all-inclusive in Mexico, and a partnership with Saraca covers four planned hotels in North India. These developments may grow Hyatt’s distribution and future fee-generating business. Grand Hyatt The Red Sea article Unbound Collection Mexico article North India hotel partnership article
• Positive Sentiment: Hyatt relaunched its Leverage platform for small and midsize businesses using Spotnana technology, an effort to strengthen its corporate travel offering. Leverage platform article
• Neutral Sentiment: Coverage of Hyatt points and loyalty programs, along with a planned Times Square hotel attraction and changes to an all-inclusive brand’s bars, may affect customer interest but offers no clear near-term financial impact. Points and cash article Times Square hotel article
• Negative Sentiment: Hyatt priced $400 million in senior notes due 2033. The financing may support company needs, but adds debt and future interest obligations. Senior notes article

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.