Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, Truist Financial Analyst Says

Hyatt Hotels (NYSE:H) had its price target lifted by investment analysts at Truist Financial from $187.00 to $198.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 22.55% from the stock’s previous close.

H has been the topic of several other reports. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Sanford C. Bernstein raised their price target on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. cut their price objective on shares of Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $197.80.

Hyatt Hotels Stock Performance

Hyatt Hotels stock traded up $3.33 during trading hours on Thursday, hitting $161.57. The company had a trading volume of 246,777 shares, compared to its average volume of 845,710. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50-day moving average of $179.88 and a 200 day moving average of $172.60. Hyatt Hotels has a one year low of $134.18 and a one year high of $206.86. The firm has a market cap of $15.23 billion, a PE ratio of 197.20 and a beta of 1.34.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Hyatt Hotels will post 3.54 earnings per share for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 23.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Delta Global Management LP acquired a new stake in shares of Hyatt Hotels in the first quarter valued at about $2,151,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Hyatt Hotels by 345.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock worth $1,422,000 after acquiring an additional 6,877 shares during the period. Accredited Investors Inc. bought a new stake in Hyatt Hotels in the fourth quarter valued at approximately $1,146,000. Northwestern Mutual Wealth Management Co. increased its position in Hyatt Hotels by 8,321.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,551 shares of the company’s stock valued at $30,228,000 after purchasing an additional 186,312 shares during the period. Finally, Fiera Capital Corp raised its holdings in Hyatt Hotels by 33.5% during the 4th quarter. Fiera Capital Corp now owns 324,332 shares of the company’s stock worth $51,997,000 after purchasing an additional 81,308 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and lifestyle accommodations to full-service and select-service hotels.

The company’s brands include Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Place and Hyatt House.