Hyatt Hotels (NYSE:H) Price Target Raised to $224.00

Hyatt Hotels (NYSE:H) had its price objective hoisted by Morgan Stanley from $211.00 to $224.00 in a report issued on Thursday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on H. Freedom Broker assumed coverage on Hyatt Hotels in a research note on Wednesday, October 14th. They issued a “buy” rating and a $192.00 price target for the company. Barclays increased their price objective on shares of Hyatt Hotels from $201.00 to $202.00 and gave the company an “overweight” rating in a report on Friday, October 16th. Wolfe Research began coverage on shares of Hyatt Hotels in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price objective on the stock. Robert W. Baird lowered their target price on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, September 21st. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.25.

Hyatt Hotels Stock Performance

NYSE H opened at $172.59 on Thursday. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of 210.47 and a beta of 1.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $165.94 and a 200-day moving average price of $174.92. Hyatt Hotels has a twelve month low of $134.18 and a twelve month high of $206.86.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. As a group, equities research analysts predict that Hyatt Hotels will post 3.52 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, August 27th. Hyatt Hotels’s payout ratio is currently 73.17%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Amar Lalvani sold 1,364 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the transaction, the insider owned 4,894 shares in the company, valued at $798,015.64. This trade represents a 21.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its stake in Hyatt Hotels by 10.8% during the third quarter. Signaturefd LLC now owns 666 shares of the company’s stock worth $106,000 after acquiring an additional 65 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Hyatt Hotels by 2.7% during the third quarter. Crossmark Global Holdings Inc. now owns 3,215 shares of the company’s stock valued at $510,000 after purchasing an additional 86 shares during the period. Quadrant Capital Group LLC raised its position in Hyatt Hotels by 2.3% during the third quarter. Quadrant Capital Group LLC now owns 4,711 shares of the company’s stock valued at $768,000 after purchasing an additional 105 shares during the period. New England Research & Management Inc. bought a new stake in shares of Hyatt Hotels in the 3rd quarter valued at approximately $805,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Hyatt Hotels in the 3rd quarter valued at approximately $3,449,000. 73.54% of the stock is currently owned by institutional investors.

Trending Headlines about Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: Morgan Stanley raised its price target for Hyatt from $211 to $224 and maintained an “overweight” rating, implying substantial potential upside based on the cited share price. Morgan Stanley Adjusts Price Target on Hyatt Hotels
• Positive Sentiment: Hyatt is targeting more than 250 hotels in India by 2030 and plans to hire over 30,000 employees. The expansion could increase Hyatt’s long-term fee-based revenue and presence in a growing travel market, although it will require significant execution. Hyatt India Expansion Plans
• Positive Sentiment: Hyatt’s first Turks and Caicos resort, an Andaz-branded beachfront property with multiple dining concepts and rooftop plunge pools, should strengthen the company’s luxury and resort pipeline when it opens. Hyatt Turks and Caicos Resort
• Neutral Sentiment: New hotel openings in Missouri add rooms to Hyatt’s network and may support future fee revenue, but the financial contribution is likely to be modest initially. Missouri Hotel Opening Impact
• Negative Sentiment: JPMorgan Chase reduced its price target for Hyatt, signaling more cautious expectations for valuation or near-term operating performance. The report’s target reduction contrasts with Morgan Stanley’s bullish revision. JPMorgan Cuts Hyatt Price Target
• Negative Sentiment: Investors are preparing for Hyatt’s upcoming quarterly earnings report. Zacks said the company lacks the typical combination of factors supporting a likely earnings beat, increasing the risk of a disappointing release or cautious outlook. Hyatt Earnings Expectations
• Negative Sentiment: Broader market selling and inflation concerns, including sharply higher oil prices, are creating a less favorable backdrop for economically sensitive travel and lodging stocks such as Hyatt.

About Hyatt Hotels

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.