Hyatt Hotels (H) Given a $88.00 Price Target at Robert W. Baird

Hyatt Hotels (NYSE:H) received a $88.00 price objective from equities researchers at Robert W. Baird in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 25.43% from the company’s previous close.

H has been the subject of a number of other research reports. Zacks Investment Research upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Wednesday, September 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $84.00 price target on shares of Hyatt Hotels in a research report on Thursday, October 4th. Longbow Research initiated coverage on Hyatt Hotels in a research report on Friday, September 7th. They issued a “buy” rating and a $99.00 price target for the company. Finally, Berenberg Bank lowered Hyatt Hotels from a “buy” rating to a “hold” rating and increased their price target for the company from $83.00 to $87.50 in a research report on Thursday, July 19th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $85.46.

NYSE:H traded down $0.97 during mid-day trading on Friday, reaching $70.16. 21,544 shares of the stock were exchanged, compared to its average volume of 867,150. The firm has a market cap of $8.09 billion, a P/E ratio of 39.42, a PEG ratio of 4.60 and a beta of 1.25. Hyatt Hotels has a 1-year low of $61.25 and a 1-year high of $84.89. The company has a quick ratio of 1.87, a current ratio of 1.89 and a debt-to-equity ratio of 0.39.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. Hyatt Hotels had a return on equity of 4.91% and a net margin of 12.76%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Sell-side analysts expect that Hyatt Hotels will post 1.58 EPS for the current year.

In other news, insider 8-26-22 Gp Llc sold 196,719 shares of Hyatt Hotels stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $78.09, for a total transaction of $15,361,786.71. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $7,809,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider H Co Lp Lci sold 110,480 shares of Hyatt Hotels stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total value of $8,701,404.80. The disclosure for this sale can be found here. Company insiders own 18.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Cutler Group LP bought a new position in shares of Hyatt Hotels in the 2nd quarter valued at approximately $154,000. Point72 Hong Kong Ltd raised its stake in shares of Hyatt Hotels by 54.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock valued at $195,000 after acquiring an additional 892 shares in the last quarter. CAPROCK Group Inc. bought a new position in shares of Hyatt Hotels in the 3rd quarter valued at approximately $203,000. Intrust Bank NA bought a new position in shares of Hyatt Hotels in the 2nd quarter valued at approximately $210,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Hyatt Hotels in the 2nd quarter valued at approximately $225,000. Institutional investors and hedge funds own 37.21% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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