Hyatt Hotels Corporation (NYSE:H) Given Average Rating of “Moderate Buy” by Analysts

Hyatt Hotels Corporation (NYSE:H) has earned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $152.6842.

A number of analysts have recently weighed in on the stock. Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price target for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Barclays decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price objective for the company in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Finally, Truist Financial lifted their price objective on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd.

Hyatt Hotels Stock Down 2.0%

H stock opened at $142.85 on Friday. Hyatt Hotels has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $13.64 billion, a P/E ratio of 33.93, a PEG ratio of 2.29 and a beta of 1.41. The firm has a 50 day simple moving average of $142.19 and a 200-day simple moving average of $134.18.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $1.53 earnings per share. On average, equities research analysts predict that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels’s payout ratio is currently 14.25%.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction 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 completion of the transaction, the insider owned 16,756 shares of the company’s stock, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 23.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds have recently added to or reduced their stakes in H. Wealth Enhancement Advisory Services LLC lifted its stake in Hyatt Hotels by 14.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,326 shares of the company’s stock valued at $365,000 after buying an additional 291 shares during the last quarter. UMB Bank n.a. lifted its stake in Hyatt Hotels by 138.8% in the first quarter. UMB Bank n.a. now owns 499 shares of the company’s stock valued at $61,000 after buying an additional 290 shares during the last quarter. SG Americas Securities LLC lifted its stake in Hyatt Hotels by 457.6% in the first quarter. SG Americas Securities LLC now owns 28,547 shares of the company’s stock valued at $3,497,000 after buying an additional 23,427 shares during the last quarter. New England Research & Management Inc. lifted its stake in Hyatt Hotels by 116.9% in the first quarter. New England Research & Management Inc. now owns 26,624 shares of the company’s stock valued at $3,261,000 after buying an additional 14,349 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Hyatt Hotels in the first quarter valued at $488,000. 73.54% of the stock is currently owned by institutional investors.

About Hyatt Hotels

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.