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

Hyatt Hotels (NYSE:H) had its price target raised by investment analysts at Barclays from $122.00 to $127.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 3.25% from the company’s current price.

Several other equities analysts have also recently issued reports on H. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Susquehanna upped their price target on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Truist Financial decreased their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Melius Research raised Hyatt Hotels to a “strong-buy” rating in a report on Monday, April 21st. Finally, Jefferies Financial Group dropped their price target on Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and an average target price of $151.17.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $123.00 on Friday. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 9.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The stock’s 50 day moving average price is $120.25 and its 200 day moving average price is $142.89.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equities research analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock valued at $1,517,798 in the last three months. Insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in H. Cullen Frost Bankers Inc. grew its holdings in Hyatt Hotels by 5.9% during the first quarter. Cullen Frost Bankers Inc. now owns 73,178 shares of the company’s stock valued at $8,964,000 after purchasing an additional 4,090 shares during the last quarter. Victory Capital Management Inc. grew its stake in Hyatt Hotels by 53.3% in the 1st quarter. Victory Capital Management Inc. now owns 44,111 shares of the company’s stock valued at $5,404,000 after buying an additional 15,346 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Hyatt Hotels by 4.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 30,061 shares of the company’s stock worth $3,682,000 after acquiring an additional 1,372 shares during the period. Whittier Trust Co. lifted its position in Hyatt Hotels by 2.4% during the 1st quarter. Whittier Trust Co. now owns 60,421 shares of the company’s stock worth $7,401,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Hyatt Hotels by 1.7% during the first quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the company’s stock valued at $1,458,000 after acquiring an additional 200 shares during the period. 73.54% of the stock is owned by institutional investors.

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.