Hyatt Hotels Corporation (NYSE:H) Given Average Recommendation of “Moderate Buy” by Brokerages

Hyatt Hotels Corporation (NYSE:H) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $175.80.

A number of equities research analysts have recently weighed in on H shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Mizuho boosted their price objective on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, December 31st.

Insider Buying and Selling

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total value of $1,583,726.76. Following the completion of the transaction, the insider directly owned 2,684 shares of the company’s stock, valued at $445,195.08. The trade was a 78.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares during the period. Veritas Asset Management LLP bought a new position in Hyatt Hotels in the third quarter valued at approximately $29,067,000. JPMorgan Chase & Co. raised its position in Hyatt Hotels by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock valued at $20,911,000 after purchasing an additional 22,071 shares in the last quarter. Davidson Investment Advisors bought a new stake in Hyatt Hotels during the third quarter worth $9,990,000. Finally, Assetmark Inc. lifted its stake in Hyatt Hotels by 4.4% during the third quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock worth $11,397,000 after purchasing an additional 3,387 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $139.38 on Tuesday. The firm has a market cap of $13.17 billion, a P/E ratio of -248.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. The business’s 50 day moving average is $162.35 and its 200-day moving average is $154.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels has a 1-year low of $102.43 and a 1-year high of $180.53.

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

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is currently -107.14%.

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.