JPMorgan Chase & Co. Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $209.00 to $207.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 15.81% from the company’s previous close.

H has been the subject of a number of other reports. Morgan Stanley upped their price target on shares of Hyatt Hotels from $209.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Robert W. Baird dropped their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Mizuho boosted their price objective on Hyatt Hotels from $221.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Truist Financial boosted their price objective on Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Wells Fargo & Company increased their target price on Hyatt Hotels from $184.00 to $189.00 and gave the company an “equal weight” rating in a research note on Monday. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $197.44.

Hyatt Hotels Stock Performance

Shares of NYSE:H traded up $2.59 during trading on Wednesday, reaching $178.74. The stock had a trading volume of 152,812 shares, compared to its average volume of 839,296. The stock has a fifty day simple moving average of $166.16 and a two-hundred day simple moving average of $174.46. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. Hyatt Hotels has a 52 week low of $134.18 and a 52 week high of $206.86. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 218.16 and a beta of 1.40.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. Hyatt Hotels’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. As a group, analysts anticipate that Hyatt Hotels will post 3.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the sale, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 4,894 shares in the company, valued at approximately $798,015.64. This represents a 21.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 23.60% of the stock is currently owned by insiders.

Institutional Trading of Hyatt Hotels

Institutional investors have recently bought and sold shares of the stock. Raiffeisen Bank International AG lifted its position in Hyatt Hotels by 140.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Hyatt Hotels during the 2nd quarter worth about $39,000. Evelyn Partners Asset Management Ltd bought a new stake in Hyatt Hotels during the 1st quarter worth about $38,000. Versant Capital Management Inc increased its position in Hyatt Hotels by 16.1% in the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock valued at $75,000 after acquiring an additional 66 shares in the last quarter. Finally, Allworth Financial LP increased its position in Hyatt Hotels by 31.5% in the 2nd quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $123,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.