Hyatt Hotels (NYSE:H) Given New $185.00 Price Target at Morgan Stanley

Hyatt Hotels (NYSE:H) had its price objective lowered by stock analysts at Morgan Stanley from $194.00 to $185.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 18.45% from the stock’s current price.

A number of other research analysts have also recently issued reports on H. Stifel Nicolaus lifted their target price on Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a research report on Wednesday, December 31st. Mizuho upped their target price on Hyatt Hotels from $203.00 to $223.00 and gave the company 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 research note on Saturday, February 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Two 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Hyatt Hotels Stock Performance

H traded up $0.46 during trading on Tuesday, hitting $156.18. The stock had a trading volume of 408,922 shares, compared to its average volume of 923,292. Hyatt Hotels has a one year low of $102.43 and a one year high of $180.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of -278.93, a P/E/G ratio of 1.78 and a beta of 1.22. The company has a 50 day moving average price of $163.63 and a 200-day moving average price of $154.91.

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

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the sale, the insider directly owned 2,684 shares in the company, valued at $445,195.08. This represents a 78.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of H. Principal Financial Group Inc. lifted its holdings in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares during the period. Veritas Asset Management LLP bought a new position in shares of Hyatt Hotels in the 3rd quarter worth about $29,067,000. JPMorgan Chase & Co. boosted its position in shares of Hyatt Hotels by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after purchasing an additional 22,071 shares in the last quarter. Davidson Investment Advisors bought a new stake in Hyatt Hotels in the third quarter worth $9,990,000. Finally, Assetmark Inc. increased its stake in Hyatt Hotels by 4.4% during the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock valued at $11,397,000 after purchasing an additional 3,387 shares in the last quarter. Hedge funds and other 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.