Morgan Stanley Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price target hoisted by analysts at Morgan Stanley from $209.00 to $211.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 30.25% from the company’s current price.

A number of other research analysts have also issued reports on H. Truist Financial raised their target price on shares of Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, September 21st. Robert W. Baird cut their target price on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Wolfe Research began coverage on shares of Hyatt Hotels in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 target price on the stock. Finally, Mizuho upped their price objective on Hyatt Hotels from $221.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average price target of $198.00.

Hyatt Hotels Price Performance

Hyatt Hotels stock traded up $0.06 during trading hours on Monday, hitting $162.00. 184,538 shares of the company traded hands, compared to its average volume of 838,955. The firm’s 50-day simple moving average is $167.24 and its two-hundred day simple moving average is $173.33. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The firm has a market cap of $15.27 billion, a P/E ratio of 197.60 and a beta of 1.40. 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 quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. As a group, analysts forecast that Hyatt Hotels will post 3.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels 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 transaction, the insider directly owned 4,894 shares in the company, valued at $798,015.64. The trade was a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,700 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. The trade was a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of H. Bank of New York Mellon Corp acquired a new stake in Hyatt Hotels in the second quarter valued at $56,408,000. Engineers Gate Manager LP acquired a new stake in Hyatt Hotels during the 4th quarter valued at approximately $18,699,000. Amundi boosted its stake in shares of Hyatt Hotels by 70.9% in the 1st quarter. Amundi now owns 189,272 shares of the company’s stock valued at $27,215,000 after purchasing an additional 78,544 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Hyatt Hotels by 598.1% in the 4th quarter. Hsbc Holdings PLC now owns 74,659 shares of the company’s stock worth $12,005,000 after acquiring an additional 63,965 shares in the last quarter. Finally, Conversant Capital LLC bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at $8,627,000. Institutional investors own 73.54% of the company’s stock.

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.