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

Hyatt Hotels (NYSE:HGet Free Report) had its price target increased by stock analysts at Stifel Nicolaus from $158.00 to $164.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 1.96% from the company’s current price.

Several other equities analysts also recently commented on the stock. Truist Financial upped their price target on shares of Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. assumed coverage on Hyatt Hotels in a report on Monday, November 24th. They issued an “overweight” rating and a $178.00 price target on the stock. Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $147.00 to $168.00 in a research note on Wednesday, October 22nd. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their price objective for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Finally, Robert W. Baird lifted their target price on Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.93.

Get Our Latest Stock Analysis on H

Hyatt Hotels Price Performance

H stock traded down $2.73 during mid-day trading on Wednesday, hitting $160.84. The company had a trading volume of 498,157 shares, compared to its average volume of 929,103. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $168.10. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The company has a 50-day moving average price of $155.74 and a 200 day moving average price of $147.45. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of -172.95, a P/E/G ratio of 4.13 and a beta of 1.28.

Hyatt Hotels (NYSE:HGet Free Report) last announced its 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). The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, research analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was 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 owned 2,684 shares in the company, valued at $445,195.08. This represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the completion of the transaction, the insider owned 13,746 shares in the company, valued at approximately $2,281,836. This trade represents a 23.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,383 shares of company stock worth $5,321,682. 23.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently made changes to their positions in H. Johnson Financial Group Inc. lifted its position in shares of Hyatt Hotels by 450.0% in the third 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 lifted its holdings in Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Hyatt Hotels by 86.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Hyatt Hotels during the third quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Hyatt Hotels in the third quarter valued at approximately $34,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Key Hyatt Hotels News

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

About Hyatt Hotels

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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.

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