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

Hyatt Hotels (NYSE:H) had its price target lifted by analysts at Freedom Broker from $192.00 to $206.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Freedom Broker‘s price target points to a potential upside of 10.91% from the stock’s current price.

Several other equities research analysts have also commented on H. Susquehanna decreased their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Wolfe Research initiated coverage on Hyatt Hotels in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 target price on the stock. Wells Fargo & Company upped their target price on Hyatt Hotels from $184.00 to $189.00 and gave the company an “equal weight” rating in a report on Monday, October 19th. Truist Financial lifted their price target on Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Finally, JPMorgan Chase & Co. cut their price objective on Hyatt Hotels from $207.00 to $206.00 and set an “overweight” rating on the stock in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.62.

Hyatt Hotels Trading Up 2.9%

Shares of NYSE:H traded up $5.17 during mid-day trading on Monday, hitting $185.74. The company had a trading volume of 1,202,005 shares, compared to its average volume of 848,788. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.63 and a quick ratio of 0.63. Hyatt Hotels has a one year low of $134.18 and a one year high of $206.86. The firm has a fifty day moving average price of $165.81 and a 200 day moving average price of $169.84. The company has a market capitalization of $17.50 billion, a PE ratio of 96.24 and a beta of 1.37.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.51. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. Hyatt Hotels had a net margin of 2.62% and a return on equity of 11.63%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.30) earnings per share. As a group, research analysts forecast that Hyatt Hotels will post 3.49 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

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

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Hyatt Hotels by 7.4% during the third quarter. Commonwealth Equity Services LLC now owns 3,310 shares of the company’s stock worth $525,000 after purchasing an additional 227 shares during the period. Provenance Wealth Advisors LLC purchased a new position in Hyatt Hotels during the 3rd quarter valued at about $56,000. Oregon Public Employees Retirement Fund increased its holdings in Hyatt Hotels by 2.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,648 shares of the company’s stock valued at $1,371,000 after purchasing an additional 232 shares during the period. Factory Mutual Insurance Co. raised its position in Hyatt Hotels by 98.8% during the 3rd quarter. Factory Mutual Insurance Co. now owns 239,598 shares of the company’s stock valued at $37,991,000 after purchasing an additional 119,050 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Hyatt Hotels by 3.8% during the 3rd quarter. D.A. Davidson & CO. now owns 3,113 shares of the company’s stock valued at $494,000 after purchasing an additional 115 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.