Hyatt Hotels (NYSE:H) Price Target Raised to $198.00

Hyatt Hotels (NYSE:H) had its price target increased by Truist Financial from $187.00 to $198.00 in a report published on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on H. Wolfe Research initiated coverage on Hyatt Hotels in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 price objective for the company. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. cut their target price 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. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Barclays lowered their price target on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Ten equities 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 currently has an average rating of “Moderate Buy” and a consensus target price of $197.80.

Hyatt Hotels Trading Up 1.2%

NYSE:H opened at $163.35 on Thursday. Hyatt Hotels has a 12 month low of $134.18 and a 12 month high of $206.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The firm’s 50 day moving average is $178.73 and its 200 day moving average is $172.46. The stock has a market capitalization of $15.39 billion, a PE ratio of 199.21 and a beta of 1.34.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.Hyatt Hotels’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. Sell-side analysts expect that Hyatt Hotels will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 27th. Hyatt Hotels’s payout ratio is presently 73.17%.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the stock in a transaction dated Monday, August 17th. The shares were 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 of the company’s stock, valued at approximately $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of H. BlueCrest Capital Management Ltd purchased a new stake in Hyatt Hotels in the 2nd quarter worth approximately $7,829,000. Allworth Financial LP grew its position in shares of Hyatt Hotels by 31.5% during the 2nd quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $123,000 after purchasing an additional 152 shares in the last quarter. Nykredit A S bought a new position in shares of Hyatt Hotels in the second quarter worth $8,018,000. California State Teachers Retirement System raised its position in shares of Hyatt Hotels by 17,286.6% in the second quarter. California State Teachers Retirement System now owns 8,654,374 shares of the company’s stock worth $1,677,564,000 after buying an additional 8,604,598 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Hyatt Hotels in the second quarter worth $277,000. 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, 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.