Hyatt Hotels (NYSE:H) Price Target Raised to $206.00

Hyatt Hotels (NYSE:H) had its price objective hoisted by Freedom Broker from $192.00 to $206.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Truist Financial raised their price objective on Hyatt Hotels from $187.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, September 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Hyatt Hotels in a research note on Friday, October 30th. Mizuho lifted their price objective on shares of Hyatt Hotels from $221.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Hyatt Hotels from $184.00 to $189.00 and gave the company an “equal weight” rating in a report on Monday, October 19th. Eleven 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, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average target price of $200.62.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $190.13 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $166.28 and a two-hundred day moving average price of $170.11. Hyatt Hotels has a 1-year low of $134.73 and a 1-year high of $206.86. The company has a market cap of $17.92 billion, a P/E ratio of 98.51 and a beta of 1.37.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.51. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. Hyatt Hotels had a return on equity of 11.63% and a net margin of 2.62%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.30) EPS. As a group, analysts anticipate that Hyatt Hotels will post 3.76 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is 31.09%.

Insider Transactions at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,700 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director directly owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the company’s stock in a transaction 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 directly owned 4,894 shares in the company, valued at approximately $798,015.64. The trade was a 21.80% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several large investors have recently added to or reduced their stakes in H. Flynn Zito Capital Management LLC increased its stake in shares of Hyatt Hotels by 20.6% in the third quarter. Flynn Zito Capital Management LLC now owns 1,833 shares of the company’s stock worth $291,000 after buying an additional 313 shares during the period. Retirement Systems of Alabama raised its holdings in Hyatt Hotels by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 104,371 shares of the company’s stock valued at $16,549,000 after buying an additional 471 shares during the last quarter. Fulcrum Asset Management LLP purchased a new stake in Hyatt Hotels during the 3rd quarter valued at $42,000. Allspring Global Investments Holdings LLC boosted its position in Hyatt Hotels by 20.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 287,364 shares of the company’s stock valued at $46,248,000 after buying an additional 47,977 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Hyatt Hotels by 1,178.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 247,954 shares of the company’s stock worth $39,316,000 after acquiring an additional 228,561 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Key Headlines Impacting Hyatt Hotels

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

• Positive Sentiment: Analysts at Robert W. Baird and Freedom Broker reportedly expect Hyatt’s stock to rise, providing a positive signal, though the reports provided no target prices or rationale. Robert W. Baird analyst article Freedom Broker analyst article
• Positive Sentiment: Hyatt is adding properties and expanding its reach: Grand Hyatt The Red Sea has opened in Saudi Arabia, the Unbound Collection has added its first adults-only all-inclusive in Mexico, and a partnership with Saraca covers four planned hotels in North India. These developments may grow Hyatt’s distribution and future fee-generating business. Grand Hyatt The Red Sea article Unbound Collection Mexico article North India hotel partnership article
• Positive Sentiment: Hyatt relaunched its Leverage platform for small and midsize businesses using Spotnana technology, an effort to strengthen its corporate travel offering. Leverage platform article
• Neutral Sentiment: Coverage of Hyatt points and loyalty programs, along with a planned Times Square hotel attraction and changes to an all-inclusive brand’s bars, may affect customer interest but offers no clear near-term financial impact. Points and cash article Times Square hotel article
• Negative Sentiment: Hyatt priced $400 million in senior notes due 2033. The financing may support company needs, but adds debt and future interest obligations. Senior notes article

Hyatt Hotels Company Profile

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.