Hyatt Hotels Corporation (NYSE:H) Receives $161.53 Consensus Target Price from Analysts

Hyatt Hotels Corporation (NYSE:H) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $161.5333.

Several research analysts recently commented on the company. Barclays raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $161.00 to $200.00 in a research note on Wednesday, December 17th. Stifel Nicolaus raised their price target on shares of Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 22nd. Truist Financial boosted their target price on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. assumed coverage on Hyatt Hotels in a research report on Monday, November 24th. They set an “overweight” rating and a $178.00 price objective on the stock.

Insider Activity

In other news, insider Peter Sears sold 12,394 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider owned 5,594 shares in the company, valued at $869,922.94. This trade represents a 68.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Udell sold 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the transaction, the insider owned 13,746 shares in the company, valued at $2,281,836. This represents a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 23,835 shares of company stock valued at $3,737,955. 23.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 107 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Hyatt Hotels during the 3rd quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Hyatt Hotels in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 0.1%

Shares of Hyatt Hotels stock opened at $165.73 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47. Hyatt Hotels has a twelve month low of $102.43 and a twelve month high of $168.10. The firm has a market capitalization of $15.74 billion, a PE ratio of -178.20, a P/E/G ratio of 4.16 and a beta of 1.29. The firm’s 50-day moving average price is $155.12 and its 200 day moving average price is $146.91.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.79). The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.Hyatt Hotels’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. On average, sell-side analysts predict that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is currently -64.52%.

About Hyatt Hotels

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.