Hyatt Hotels Corporation (NYSE:H) Receives $194.36 Average PT from Analysts

Hyatt Hotels Corporation (NYSE:H) has been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $196.1429.

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Truist Financial lifted their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research report on Thursday, June 4th. Susquehanna decreased their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Robert W. Baird lifted their target price on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Udell sold 8,682 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the transaction, the insider owned 13,338 shares in the company, valued at $2,294,136. The trade was a 39.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,224 shares of company stock worth $4,173,605 in the last three months. Company insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. lifted its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after buying an additional 144 shares during the period. Los Angeles Capital Management LLC bought a new stake in Hyatt Hotels in the fourth quarter valued at approximately $26,000. DV Equities LLC acquired a new stake in Hyatt Hotels in the fourth quarter worth $32,000. Ares Financial Consulting LLC bought a new position in shares of Hyatt Hotels during the fourth quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Hyatt Hotels during the 3rd quarter worth $34,000. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Up 1.0%

H opened at $190.62 on Monday. The company has a market capitalization of $17.95 billion, a P/E ratio of -544.63 and a beta of 1.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The firm’s fifty day moving average price is $187.27 and its two-hundred day moving average price is $169.21. Hyatt Hotels has a fifty-two week low of $133.51 and a fifty-two week high of $206.86.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS 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 company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the firm earned $0.46 EPS. On average, analysts anticipate that Hyatt Hotels will post 3.58 EPS for the current year.

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.