Hyatt Hotels (NYSE:H) Earns In-Line Rating from Evercore ISI

Hyatt Hotels (NYSE:H)‘s stock had its “in-line” rating reissued by research analysts at Evercore ISI in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $175.00 price objective on the stock, up from their previous price objective of $170.00. Evercore ISI’s price target suggests a potential upside of 6.89% from the company’s current price.

A number of other analysts also recently issued reports on H. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. Morgan Stanley boosted their price objective on Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Stifel Nicolaus upped their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. JPMorgan Chase & Co. began coverage on shares of Hyatt Hotels in a research note on Monday, November 24th. They issued an “overweight” rating and a $178.00 target price for the company. Finally, Truist Financial upped their price target on shares of Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $172.06.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $163.72 on Thursday. The company has a market capitalization of $15.55 billion, a PE ratio of -176.05, a PEG ratio of 1.80 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The stock’s 50 day moving average price is $161.86 and its 200-day moving average price is $150.46. Hyatt Hotels has a twelve month low of $102.43 and a twelve month high of $174.58.

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

Insider Activity at Hyatt Hotels

In related news, insider David Udell sold 4,300 shares of the company’s stock in a transaction 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 directly owned 13,746 shares in the company, valued at approximately $2,281,836. The trade was a 23.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This trade represents a 68.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,383 shares of company stock valued at $5,321,682 over the last three months. 23.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Greenleaf Trust purchased a new stake in Hyatt Hotels during the 4th quarter valued at about $220,000. Hunter Associates Investment Management LLC grew its stake in Hyatt Hotels by 2.4% in the fourth quarter. Hunter Associates Investment Management LLC now owns 36,679 shares of the company’s stock worth $5,877,000 after purchasing an additional 871 shares during the period. Signaturefd LLC lifted its position in Hyatt Hotels by 129.2% during the 4th quarter. Signaturefd LLC now owns 1,350 shares of the company’s stock valued at $216,000 after acquiring an additional 761 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Hyatt Hotels in the 4th quarter worth approximately $37,000. Finally, Nisa Investment Advisors LLC grew its position in Hyatt Hotels by 92.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 996 shares of the company’s stock valued at $160,000 after purchasing an additional 478 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Company Profile

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.