Hyatt Hotels (NYSE:H) Price Target Raised to $220.00

Hyatt Hotels (NYSE:H) had its target price lifted by Barclays from $200.00 to $220.00 in a report released on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

H has been the topic of several other research reports. Truist Financial lifted their target price on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Morgan Stanley raised their price target on Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Robert W. Baird upped their price objective on shares of Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.29.

Hyatt Hotels Price Performance

NYSE H opened at $183.52 on Tuesday. The company has a 50-day moving average price of $188.89 and a two-hundred day moving average price of $169.94. Hyatt Hotels has a 52 week low of $133.51 and a 52 week high of $206.86. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of -524.34 and a beta of 1.32. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. Analysts forecast that Hyatt Hotels will post 3.58 EPS for the current year.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the sale, the insider directly owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. This represents a 61.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 1,119 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,224 shares of company stock worth $4,173,605. Corporate insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake 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 valued at $41,083,000 after buying an additional 32,048 shares in the last quarter. Truist Financial Corp increased its position in shares of Hyatt Hotels by 970.8% in the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock worth $2,970,000 after acquiring an additional 16,794 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Hyatt Hotels by 345.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock worth $1,422,000 after acquiring an additional 6,877 shares in the last quarter. Accredited Investors Inc. acquired a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $1,146,000. Finally, Davidson Investment Advisors lifted its position in shares of Hyatt Hotels by 287.0% in the 4th quarter. Davidson Investment Advisors now owns 272,421 shares of the company’s stock valued at $43,675,000 after acquiring an additional 202,031 shares in 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.