Truist Financial Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its target price boosted by equities researchers at Truist Financial from $168.00 to $181.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 21.33% from the company’s previous close.

Several other equities research analysts have also commented on the company. Mizuho upped their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Citigroup raised their price target on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels has an average rating of “Moderate Buy” and an average target price of $176.67.

Hyatt Hotels Stock Performance

Shares of NYSE H traded up $1.61 during trading on Thursday, reaching $149.18. 30,920 shares of the company traded hands, compared to its average volume of 879,792. The stock has a market cap of $14.09 billion, a P/E ratio of -265.85, a PEG ratio of 1.72 and a beta of 1.22. The firm’s fifty day simple moving average is $158.82 and its 200 day simple moving average is $154.96. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels has a 12-month low of $102.43 and a 12-month high of $180.53.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, research analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Kinsey Wolf sold 400 shares of Hyatt Hotels stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the sale, the insider owned 545 shares of the company’s stock, valued at approximately $80,267.60. This trade represents a 42.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC grew its position in shares of Hyatt Hotels by 0.8% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock valued at $1,339,000 after purchasing an additional 72 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Hyatt Hotels by 18.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after purchasing an additional 72 shares during the last quarter. Allworth Financial LP lifted its stake in Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock valued at $69,000 after buying an additional 73 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after buying an additional 79 shares during the last quarter. Finally, New England Research & Management Inc. boosted its holdings in Hyatt Hotels by 0.3% in the 3rd quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock worth $3,314,000 after buying an additional 80 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

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.