Hyatt Hotels (NYSE:H) PT Raised to $175.00

Hyatt Hotels (NYSE:H) had its price target lifted by Bank of America from $165.00 to $175.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

H has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Evercore ISI increased their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research report on Monday. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Mizuho lowered their target price on shares of Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus price target of $152.25.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $152.57 on Monday. The company’s fifty day moving average is $150.06 and its two-hundred day moving average is $149.04. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. The company has a market cap of $15.44 billion, a P/E ratio of 23.69 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the business earned $0.82 EPS. Equities analysts expect that Hyatt Hotels will post 3.93 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Tuesday, August 27th. Hyatt Hotels’s payout ratio is presently 9.32%.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in H. LRI Investments LLC acquired a new stake in shares of Hyatt Hotels during the first quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in shares of Hyatt Hotels during the first quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Hyatt Hotels in the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Hyatt Hotels in the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. increased its holdings in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Company Profile

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.