Susquehanna Boosts Hyatt Hotels (NYSE:H) Price Target to $185.00

Hyatt Hotels (NYSE:H) had its price target boosted by stock analysts at Susquehanna from $180.00 to $185.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential upside of 8.84% from the company’s previous close.

A number of other brokerages also recently issued reports on H. Barclays reduced their price objective on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a report on Thursday, June 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Morgan Stanley upped their price target on Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Robert W. Baird cut their price target on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Hyatt Hotels has an average rating of “Moderate Buy” and a consensus target price of $197.29.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $169.97 on Tuesday. The stock’s 50 day moving average is $189.71 and its 200-day moving average is $171.01. Hyatt Hotels has a twelve month low of $134.18 and a twelve month high of $206.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 207.28 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Hyatt Hotels will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David Udell sold 8,682 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the sale, the insider owned 13,338 shares of the company’s stock, valued at $2,294,136. The trade was a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cary D. Mcmillan sold 1,119 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,224 shares of company stock worth $4,173,605 in the last ninety days. Corporate insiders own 23.60% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Wealth LLC purchased a new stake in shares of Hyatt Hotels during the second quarter valued at $2,227,000. Great Lakes Advisors LLC purchased a new position in shares of Hyatt Hotels in the second quarter worth approximately $415,000. Meeder Advisory Services Inc. bought a new stake in Hyatt Hotels during the second quarter valued at approximately $204,000. BlackRock Inc. bought a new stake in shares of Hyatt Hotels during the 2nd quarter valued at $249,931,000. Finally, Deutsche Bank AG purchased a new stake in shares of Hyatt Hotels in the 2nd quarter worth $1,015,000. 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 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.