Hyatt Hotels (NYSE:H) Price Target Raised to $172.00 at Truist Financial

Hyatt Hotels (NYSE:H) had its price objective raised by Truist Financial from $143.00 to $172.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $162.00 to $172.00 and gave the stock an overweight rating in a research report on Friday, March 1st. StockNews.com upgraded Hyatt Hotels from a sell rating to a hold rating in a report on Thursday, March 7th. TheStreet upgraded Hyatt Hotels from a c+ rating to a b- rating in a report on Thursday, December 14th. Jefferies Financial Group upped their price objective on Hyatt Hotels from $104.00 to $127.00 and gave the company a hold rating in a report on Tuesday, January 2nd. Finally, Evercore ISI restated an in-line rating and issued a $135.00 price objective on shares of Hyatt Hotels in a report on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $132.87.

Hyatt Hotels Stock Performance

H traded up $2.49 during trading on Thursday, reaching $156.09. 494,080 shares of the company were exchanged, compared to its average volume of 773,585. The stock has a market cap of $16.06 billion, a P/E ratio of 76.52, a PEG ratio of 21.68 and a beta of 1.49. The firm has a 50 day moving average of $138.24 and a 200 day moving average of $121.98. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $159.81.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business earned $2.55 EPS. On average, sell-side analysts forecast that Hyatt Hotels will post 3.33 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s payout ratio is currently 29.41%.

Insider Activity

In related news, insider Jnp Parachute Mirror Trust L sold 66,701 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $126.21, for a total transaction of $8,418,333.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jnp Parachute Mirror Trust L sold 66,701 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $126.21, for a total value of $8,418,333.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,443,525 shares of company stock valued at $223,090,255. Insiders own 21.24% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Hyatt Hotels by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,469,443 shares of the company’s stock worth $361,847,000 after acquiring an additional 37,317 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels by 6.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock worth $313,673,000 after buying an additional 148,804 shares during the period. Select Equity Group L.P. lifted its position in shares of Hyatt Hotels by 196.2% during the 1st quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company’s stock worth $246,697,000 after buying an additional 1,461,693 shares during the period. Morgan Stanley lifted its position in shares of Hyatt Hotels by 1.1% during the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock worth $232,836,000 after buying an additional 24,121 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Hyatt Hotels by 14.6% during the 2nd quarter. BlackRock Inc. now owns 2,168,020 shares of the company’s stock worth $248,412,000 after buying an additional 275,503 shares during the period. Institutional investors own 46.03% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.