Hyatt Hotels (NYSE:H) Stock Price Target Lowered at Susquehanna

Hyatt Hotels (NYSE:H) had its price target lowered by analysts at Susquehanna from $185.00 to $180.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential upside of 11.59% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Morgan Stanley lifted their price objective on shares of Hyatt Hotels from $209.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday. Wolfe Research started coverage on shares of Hyatt Hotels in a report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price objective for the company. Barclays cut their target price on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, September 21st. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.67.

Hyatt Hotels Stock Down 0.4%

H stock opened at $161.30 on Tuesday. The company’s 50 day moving average is $167.03 and its 200 day moving average is $173.44. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 196.71 and a beta of 1.40. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. Hyatt Hotels has a 1-year low of $134.18 and a 1-year high of $206.86.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $0.68 earnings per share. Hyatt Hotels’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Amar Lalvani sold 1,364 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the sale, the insider owned 4,894 shares of the company’s stock, valued at approximately $798,015.64. This represents a 21.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan D. Kronick sold 1,700 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by company insiders.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in the business. Raiffeisen Bank International AG increased its holdings in shares of Hyatt Hotels by 140.8% in the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock worth $34,000 after buying an additional 100 shares during the period. Evelyn Partners Asset Management Ltd bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels during the 2nd quarter valued at about $39,000. Versant Capital Management Inc boosted its holdings in Hyatt Hotels by 16.1% during the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock valued at $75,000 after acquiring an additional 66 shares during the period. Finally, Oslo Pensjonsforsikring AS bought a new position in Hyatt Hotels during the 1st quarter worth approximately $94,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.