Stifel Nicolaus Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its target price hoisted by equities researchers at Stifel Nicolaus from $155.00 to $158.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 1.84% from the company’s current price.

Several other equities research analysts have also commented on the company. Barclays upped their price objective on Hyatt Hotels from $156.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price objective for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hyatt Hotels in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.60.

Hyatt Hotels Trading Up 6.0%

NYSE H opened at $155.14 on Monday. The stock has a market cap of $14.81 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The stock has a 50 day simple moving average of $144.12 and a two-hundred day simple moving average of $139.15. Hyatt Hotels has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that Hyatt Hotels will post 3.05 earnings per share for the current year.

Insider Transactions at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the sale, the insider directly owned 16,756 shares in the company, valued at $2,429,620. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bamco Inc. NY raised its stake in Hyatt Hotels by 2.9% in the 2nd quarter. Bamco Inc. NY now owns 5,955,212 shares of the company’s stock worth $831,645,000 after purchasing an additional 166,249 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hyatt Hotels by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company’s stock valued at $480,260,000 after buying an additional 21,190 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after buying an additional 545,003 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in Hyatt Hotels by 9.3% during the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company’s stock worth $229,987,000 after acquiring an additional 160,461 shares during the last quarter. Institutional investors own 73.54% 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.