Hyatt Hotels (NYSE:H) Rating Increased to Strong-Buy at The Goldman Sachs Group

Hyatt Hotels (NYSE:H) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird increased their price target on Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research note on Thursday, November 20th. Mizuho raised their price objective on shares of Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Truist Financial lifted their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average price target of $169.63.

Hyatt Hotels Price Performance

H opened at $169.69 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47. The business’s fifty day simple moving average is $161.17 and its 200-day simple moving average is $149.87. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of -182.46, a PEG ratio of 1.88 and a beta of 1.29. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $174.58.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 6th. The company reported ($0.30) 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 business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the business posted $0.94 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In other news, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares in the company, valued at $869,922.94. The trade was a 68.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the transaction, the insider owned 2,684 shares in the company, valued at $445,195.08. This represents a 78.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,383 shares of company stock valued at $5,321,682 over the last quarter. Company insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Bank of America Corp DE increased its stake in Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Hyatt Hotels by 24.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after purchasing an additional 545,003 shares during the last quarter. GRS Advisors LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $74,264,000. Finally, Mane Global Capital Management LP purchased a new position in Hyatt Hotels in the 2nd quarter worth approximately $47,007,000. 73.54% of the stock is currently owned by institutional investors.

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.