Hyatt Hotels (NYSE:H) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Hyatt Hotels (NYSE:H) had its price objective upped by stock analysts at Morgan Stanley from $209.00 to $211.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 29.44% from the company’s previous close.

Other analysts also recently issued research reports about the company. Susquehanna increased their target price on Hyatt Hotels from $180.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Mizuho upped their price target on Hyatt Hotels from $221.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Wolfe Research began coverage on Hyatt Hotels in a report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price target for the company. Wells Fargo & Company increased their price objective on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Finally, Robert W. Baird lowered their price objective on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.67.

Hyatt Hotels Stock Up 1.1%

Hyatt Hotels stock opened at $163.01 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. Hyatt Hotels has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The firm has a fifty day moving average price of $166.82 and a two-hundred day moving average price of $173.55. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 198.80 and a beta of 1.40.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. As a group, analysts forecast that Hyatt Hotels will post 3.54 earnings per share for the current year.

Insider Activity

In related 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 completion of the sale, the director owned 29,525 shares in the company, valued at approximately $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of Hyatt Hotels stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the sale, the insider directly owned 4,894 shares in the company, valued at approximately $798,015.64. This trade represents a 21.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 23.60% of the stock is currently owned by company insiders.

Institutional Trading of Hyatt Hotels

Institutional investors have recently modified their holdings of the company. Wedmont Private Capital bought a new position in Hyatt Hotels in the third quarter worth $333,000. GAMMA Investing LLC boosted its stake in Hyatt Hotels by 31.0% during the third quarter. GAMMA Investing LLC now owns 2,229 shares of the company’s stock worth $353,000 after buying an additional 528 shares in the last quarter. Red Spruce Capital LLC increased its holdings in Hyatt Hotels by 1.1% in the 3rd quarter. Red Spruce Capital LLC now owns 13,258 shares of the company’s stock valued at $2,102,000 after buying an additional 147 shares during the period. Cooper Financial Group increased its holdings in Hyatt Hotels by 3.5% in the 3rd quarter. Cooper Financial Group now owns 5,105 shares of the company’s stock valued at $809,000 after buying an additional 171 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Hyatt Hotels by 16.1% in the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock valued at $75,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.