Barclays Cuts Hyatt Hotels (NYSE:H) Price Target to $198.00

Hyatt Hotels (NYSE:H) had its price target dropped by equities research analysts at Barclays from $200.00 to $198.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 17.96% from the company’s previous close.

Several other research analysts have also recently weighed in on H. Wells Fargo & Company assumed coverage on shares of Hyatt Hotels in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Truist Financial raised their target price on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Stifel Nicolaus upped their price objective on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, December 31st. Finally, The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research note on Wednesday. They set a “buy” rating and a $198.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.50.

Hyatt Hotels Stock Down 1.1%

Shares of NYSE:H traded down $1.85 during midday trading on Friday, hitting $167.86. The stock had a trading volume of 86,746 shares, compared to its average volume of 663,568. The company has a market cap of $15.94 billion, a P/E ratio of -180.49, a PEG ratio of 1.88 and a beta of 1.29. 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 business’s 50-day simple moving average is $161.17 and its 200-day simple moving average is $149.87. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $174.58.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Sears sold 12,394 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $155.51, for a total value of $1,927,390.94. Following the completion of the transaction, the insider directly owned 5,594 shares in the company, valued at $869,922.94. This represents a 68.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,383 shares of company stock worth $5,321,682. Company insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of Hyatt Hotels by 92.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 996 shares of the company’s stock worth $160,000 after purchasing an additional 478 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Hyatt Hotels during the 4th quarter valued at $224,000. Allspring Global Investments Holdings LLC raised its holdings in Hyatt Hotels by 14.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after buying an additional 32,048 shares during the last quarter. Brookstone Capital Management acquired a new position in Hyatt Hotels during the 4th quarter valued at about $303,000. Finally, Exchange Traded Concepts LLC raised its position in Hyatt Hotels by 5.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 34,064 shares of the company’s stock valued at $5,461,000 after buying an additional 1,706 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.