Hyatt Hotels Corporation (NYSE:H) Receives $196.93 Average Price Target from Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $197.2857.

A number of research firms have recently commented on H. Susquehanna raised their price target on Hyatt Hotels from $180.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company boosted their price objective on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Robert W. Baird reduced their target price on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Mizuho upped their price target on Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th.

Hyatt Hotels Stock Performance

NYSE H opened at $179.69 on Friday. The firm has a market cap of $16.93 billion, a P/E ratio of 219.14 and a beta of 1.33. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $189.11 and its 200-day moving average is $171.28. Hyatt Hotels has a 12-month low of $134.18 and a 12-month high of $206.86.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm earned $0.68 EPS. Hyatt Hotels’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that Hyatt Hotels will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio is 73.17%.

Insider Activity

In other Hyatt Hotels news, insider David Udell sold 2,087 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the sale, the insider directly owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the transaction, the director directly owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 23,224 shares of company stock valued at $4,173,605. 23.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. boosted its position in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Hyatt Hotels in the fourth quarter worth approximately $26,000. DV Equities LLC purchased a new stake in Hyatt Hotels in the fourth quarter valued at approximately $32,000. Ares Financial Consulting LLC purchased a new stake in Hyatt Hotels in the fourth quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Hyatt Hotels during the third quarter valued at approximately $34,000. 73.54% of the stock is currently owned by institutional investors.

About Hyatt Hotels

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.