Hyatt Hotels (NYSE:H) Stock Gets Price Target Boost from Robert W. Baird

Hyatt Hotels (NYSE:H) had its price objective upped by equities researchers at Robert W. Baird from $188.00 to $194.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird‘s target price would suggest a potential upside of 7.41% from the stock’s current price.

Several other brokerages have also recently issued reports on H. Truist Financial raised their price objective on Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Morgan Stanley increased their target price on shares of Hyatt Hotels from $211.00 to $224.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Wells Fargo & Company raised their price target on shares of Hyatt Hotels from $184.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Monday, October 19th. Susquehanna decreased their price target on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Finally, Wolfe Research assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $199.75.

Hyatt Hotels Trading Up 0.0%

Shares of NYSE H opened at $180.62 on Monday. The stock’s 50 day moving average price is $165.81 and its two-hundred day moving average price is $169.84. Hyatt Hotels has a 52-week low of $134.18 and a 52-week high of $206.86. The stock has a market capitalization of $17.02 billion, a P/E ratio of 93.59 and a beta of 1.37. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.05.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 29th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $0.76 by $0.51. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. Hyatt Hotels had a return on equity of 11.63% and a net margin of 2.62%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) EPS. On average, analysts anticipate that Hyatt Hotels will post 3.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Susan D. Kronick sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director owned 29,525 shares in the company, valued at $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $163.06, for a total transaction of $222,413.84. Following the transaction, the insider owned 4,894 shares in the company, valued at $798,015.64. This represents a 21.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 23.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC bought a new stake in Hyatt Hotels in the third quarter worth about $56,000. Oregon Public Employees Retirement Fund boosted its position in shares of Hyatt Hotels by 2.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,648 shares of the company’s stock valued at $1,371,000 after purchasing an additional 232 shares in the last quarter. Factory Mutual Insurance Co. boosted its position in shares of Hyatt Hotels by 98.8% during the 3rd quarter. Factory Mutual Insurance Co. now owns 239,598 shares of the company’s stock valued at $37,991,000 after purchasing an additional 119,050 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Hyatt Hotels by 3.8% in the 3rd quarter. D.A. Davidson & CO. now owns 3,113 shares of the company’s stock worth $494,000 after purchasing an additional 115 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Hyatt Hotels by 10.8% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the company’s stock worth $106,000 after purchasing an additional 65 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.