Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Hyatt Hotels (NYSE:H) had its price target boosted by Morgan Stanley from $168.00 to $194.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 15.01% from the company’s current price.

Several other analysts have also recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Barclays reduced their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “overweight” rating on the stock in a research report on Friday. Wells Fargo & Company started coverage on shares of Hyatt Hotels in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 target price for the company. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research note on Wednesday. They set a “buy” rating and a $198.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and an average target price of $171.13.

Hyatt Hotels Price Performance

H stock traded down $1.03 during trading on Friday, hitting $168.68. 161,918 shares of the stock traded hands, compared to its average volume of 671,954. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of -181.22, a P/E/G ratio of 1.88 and a beta of 1.29. Hyatt Hotels has a one year low of $102.43 and a one year high of $174.58. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47. The company has a 50 day simple moving average of $161.17 and a 200 day simple moving average of $149.87.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. Equities analysts expect that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the transaction, the insider owned 5,594 shares of the company’s stock, valued at $869,922.94. This trade represents a 68.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the sale, the insider directly owned 2,684 shares of the company’s stock, valued at $445,195.08. The trade was a 78.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 33,383 shares of company stock worth $5,321,682. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of institutional investors have recently modified their holdings of the company. Johnson Financial Group Inc. lifted its stake in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Quent Capital LLC acquired a new position in Hyatt Hotels during the third quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Hyatt Hotels in the third quarter valued at $34,000. 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.