Hyatt Hotels (NYSE:H) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Hyatt Hotels (NYSE:H) had its price objective decreased by JPMorgan Chase & Co. from $209.00 to $207.00 in a research note published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

H has been the subject of several other reports. Barclays raised their target price on Hyatt Hotels from $201.00 to $202.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Susquehanna reduced their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, September 21st. Robert W. Baird decreased their price target on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Wolfe Research started coverage on 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 equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.25.

Hyatt Hotels Trading Down 2.5%

H opened at $172.59 on Wednesday. Hyatt Hotels has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 210.47 and a beta of 1.40. The company’s 50 day moving average price is $165.94 and its two-hundred day moving average price is $174.92.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. As a group, research analysts predict that Hyatt Hotels will post 3.52 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the stock in a transaction dated 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 of the company’s stock, valued at $5,310,957. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the transaction, the insider owned 4,894 shares in the company, valued at approximately $798,015.64. The trade was 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 insiders.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in H. Delta Global Management LP purchased a new position in Hyatt Hotels during the 1st quarter worth $2,151,000. Nilsine Partners LLC purchased a new stake in shares of Hyatt Hotels in the second quarter valued at about $4,009,000. IFM Investors Pty Ltd purchased a new stake in shares of Hyatt Hotels in the first quarter valued at about $1,077,000. BlueCrest Capital Management Ltd bought a new position in shares of Hyatt Hotels during the second quarter valued at about $7,829,000. Finally, Hsbc Holdings PLC lifted its position in shares of Hyatt Hotels by 598.1% during the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company’s stock valued at $12,005,000 after purchasing an additional 63,965 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels News Roundup

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: Morgan Stanley raised its price target for Hyatt from $211 to $224 and maintained an “overweight” rating, implying substantial potential upside based on the cited share price. Morgan Stanley Adjusts Price Target on Hyatt Hotels
• Positive Sentiment: Hyatt is targeting more than 250 hotels in India by 2030 and plans to hire over 30,000 employees. The expansion could increase Hyatt’s long-term fee-based revenue and presence in a growing travel market, although it will require significant execution. Hyatt India Expansion Plans
• Positive Sentiment: Hyatt’s first Turks and Caicos resort, an Andaz-branded beachfront property with multiple dining concepts and rooftop plunge pools, should strengthen the company’s luxury and resort pipeline when it opens. Hyatt Turks and Caicos Resort
• Neutral Sentiment: New hotel openings in Missouri add rooms to Hyatt’s network and may support future fee revenue, but the financial contribution is likely to be modest initially. Missouri Hotel Opening Impact
• Negative Sentiment: JPMorgan Chase reduced its price target for Hyatt, signaling more cautious expectations for valuation or near-term operating performance. The report’s target reduction contrasts with Morgan Stanley’s bullish revision. JPMorgan Cuts Hyatt Price Target
• Negative Sentiment: Investors are preparing for Hyatt’s upcoming quarterly earnings report. Zacks said the company lacks the typical combination of factors supporting a likely earnings beat, increasing the risk of a disappointing release or cautious outlook. Hyatt Earnings Expectations
• Negative Sentiment: Broader market selling and inflation concerns, including sharply higher oil prices, are creating a less favorable backdrop for economically sensitive travel and lodging stocks such as Hyatt.

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.