Hyatt Hotels (NYSE:H) Price Target Raised to $195.00

Hyatt Hotels (NYSE:H) had its price objective lifted by Citigroup from $167.00 to $195.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

H has been the topic of several other reports. Truist Financial upped their price target on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Evercore reissued an “in-line” rating and set a $175.00 price objective (up previously from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on shares of Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average target price of $175.06.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $171.90 on Wednesday. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $180.53. The stock has a market capitalization of $16.32 billion, a P/E ratio of -306.97, a P/E/G ratio of 2.00 and a beta of 1.27. The company’s 50-day moving average is $164.41 and its 200 day moving average is $152.98. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.68.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the business posted $0.42 earnings per share. On average, sell-side analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 2nd. Hyatt Hotels’s payout ratio is presently -107.14%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Javier Aguila sold 9,548 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the sale, the insider directly owned 2,684 shares of the company’s stock, valued at $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the sale, the insider owned 13,746 shares of the company’s stock, valued at $2,281,836. The trade was a 23.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. raised its stake in Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after buying an additional 144 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Hyatt Hotels during the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its holdings in Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after acquiring an additional 107 shares during the period. DV Equities LLC purchased a new position in Hyatt Hotels in the fourth quarter worth about $32,000. Finally, Quent Capital LLC purchased a new position in Hyatt Hotels in the third quarter worth about $34,000. Institutional investors own 73.54% of the company’s stock.

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.