Morgan Stanley Boosts Hyatt Hotels (NYSE:H) Price Target to $218.00

Hyatt Hotels (NYSE:H) had its price objective upped by research analysts at Morgan Stanley from $208.00 to $218.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 15.84% from the company’s previous close.

Other analysts also recently issued reports about the company. Barclays lifted their target price on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. HSBC upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research note on Thursday, June 4th. Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a research note on Friday, May 29th. Finally, Susquehanna decreased their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.14.

Hyatt Hotels Trading Down 0.3%

Shares of H stock traded down $0.57 on Friday, reaching $188.19. 194,860 shares of the stock were exchanged, compared to its average volume of 858,856. The firm has a 50 day moving average of $186.81 and a two-hundred day moving average of $169.06. Hyatt Hotels has a 1-year low of $133.51 and a 1-year high of $206.86. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a market cap of $17.72 billion, a P/E ratio of -538.10 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted $0.46 earnings per share. On average, research analysts anticipate that Hyatt Hotels will post 3.58 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the transaction, the director directly owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the sale, the insider directly owned 6,374 shares in the company, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 23,224 shares of company stock worth $4,173,605 in the last quarter. 23.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after purchasing an additional 32,048 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Hyatt Hotels by 970.8% during the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after buying an additional 16,794 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Hyatt Hotels by 345.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock worth $1,422,000 after buying an additional 6,877 shares during the period. Accredited Investors Inc. bought a new position in Hyatt Hotels in the 4th quarter worth approximately $1,146,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Hyatt Hotels by 8,321.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,551 shares of the company’s stock valued at $30,228,000 after acquiring an additional 186,312 shares during the period. 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.