Hyatt Hotels (NYSE:H) Price Target Raised to $202.00

Hyatt Hotels (NYSE:H) had its price objective boosted by analysts at Sanford C. Bernstein from $186.00 to $202.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 18.69% from the stock’s current price.

H has been the subject of a number of other research reports. Citigroup upped their price target on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Susquehanna lowered their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Barclays increased their target price on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Truist Financial raised their target price on shares of Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.07.

Hyatt Hotels Stock Up 1.8%

H opened at $170.19 on Friday. The firm’s 50 day simple moving average is $155.64 and its two-hundred day simple moving average is $158.53. The company has a market capitalization of $16.03 billion, a PE ratio of -486.27 and a beta of 1.33. Hyatt Hotels has a 1-year low of $124.82 and a 1-year high of $180.53. 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 posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $0.46 EPS. As a group, equities analysts forecast that Hyatt Hotels will post 3.46 EPS for the current year.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the sale, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This trade represents a 42.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the sale, the insider owned 213,434 shares in the company, valued at approximately $35,803,553.50. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 214,234 shares of company stock worth $35,920,202 in the last three months. 23.60% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of H. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Hyatt Hotels by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after purchasing an additional 60 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Hyatt Hotels by 0.8% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after buying an additional 72 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Hyatt Hotels by 18.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock valued at $74,000 after buying an additional 72 shares during the last quarter. Allworth Financial LP grew its holdings in Hyatt Hotels by 17.8% during the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock valued at $69,000 after buying an additional 73 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after acquiring an additional 79 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

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.