Hyatt Hotels (NYSE:H) Price Target Raised to $215.00

Hyatt Hotels (NYSE:H) had its price target increased by JPMorgan Chase & Co. from $205.00 to $215.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

H has been the subject of several other research reports. Truist Financial increased their target price on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research note on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Barclays lifted their target price on Hyatt Hotels from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Susquehanna cut their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Nine equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.29.

Hyatt Hotels Stock Performance

Shares of H opened at $183.52 on Tuesday. The company’s 50 day simple moving average is $188.89 and its 200-day simple moving average is $169.94. The firm has a market cap of $17.28 billion, a PE ratio of -524.34 and a beta of 1.32. Hyatt Hotels has a 12-month low of $133.51 and a 12-month high of $206.86. 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 results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, equities analysts predict that Hyatt Hotels will post 3.58 EPS for the current year.

Insider Transactions at Hyatt Hotels

In related news, insider Peter Sears sold 10,217 shares of Hyatt Hotels stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the completion of the transaction, the insider directly owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the sale, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 23,224 shares of company stock valued at $4,173,605. Company insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently modified their holdings of the business. E. Ohman J or Asset Management AB grew its position in shares of Hyatt Hotels by 75.0% in the second quarter. E. Ohman J or Asset Management AB now owns 1,400 shares of the company’s stock valued at $271,000 after purchasing an additional 600 shares during the last quarter. Gradient Investments LLC acquired a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $1,580,000. Scott & Selber Inc. acquired a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $203,000. Cooper Financial Group lifted its stake in Hyatt Hotels by 6.2% in the 2nd quarter. Cooper Financial Group now owns 4,934 shares of the company’s stock valued at $956,000 after buying an additional 287 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Hyatt Hotels by 7.3% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 8,230 shares of the company’s stock valued at $1,595,000 after buying an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

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.