Hyatt Hotels Corporation (NYSE:H) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Hyatt Hotels Corporation (NYSE:H) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $197.56.

Several research firms have weighed in on H. Mizuho raised their price target on Hyatt Hotels from $221.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. Freedom Broker initiated coverage on Hyatt Hotels in a report on Wednesday, October 14th. They set a “buy” rating and a $192.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Morgan Stanley increased their target price on Hyatt Hotels from $209.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Finally, Truist Financial raised their target price on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, September 10th.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director directly owned 29,525 shares in the company, valued at $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $222,413.84. Following the completion of the sale, the insider directly owned 4,894 shares of the company’s stock, valued at $798,015.64. The trade was a 21.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 23.60% of the stock is currently owned by company insiders.

Institutional Trading of Hyatt Hotels

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New England Research & Management Inc. purchased a new position in Hyatt Hotels during the third quarter worth $805,000. Assenagon Asset Management S.A. purchased a new stake in shares of Hyatt Hotels in the third quarter valued at $3,449,000. Wedmont Private Capital bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth about $333,000. GAMMA Investing LLC lifted its holdings in shares of Hyatt Hotels by 31.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,229 shares of the company’s stock worth $353,000 after acquiring an additional 528 shares during the last quarter. Finally, Red Spruce Capital LLC lifted its holdings in shares of Hyatt Hotels by 1.1% in the 3rd quarter. Red Spruce Capital LLC now owns 13,258 shares of the company’s stock worth $2,102,000 after acquiring an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 2.3%

Shares of Hyatt Hotels stock opened at $175.91 on Wednesday. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 214.52 and a beta of 1.40. The business has a 50-day moving average price of $166.16 and a 200-day moving average price of $174.46. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. Hyatt Hotels has a twelve month low of $134.18 and a twelve month high of $206.86.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities research analysts anticipate that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Hyatt Hotels Company Profile

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.