Hyatt Hotels (NYSE:H) Given New $189.00 Price Target at Wells Fargo & Company

Hyatt Hotels (NYSE:H) had its price target increased by analysts at Wells Fargo & Company from $184.00 to $189.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 10.61% from the stock’s current price.

Several other research firms have also commented on H. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Morgan Stanley upped their price target on shares of Hyatt Hotels from $209.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. reduced their price objective on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Barclays lifted their price objective on Hyatt Hotels from $201.00 to $202.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wolfe Research assumed coverage on Hyatt Hotels in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 target price for the company. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.56.

Hyatt Hotels Price Performance

NYSE H traded up $1.75 during trading hours on Monday, reaching $170.88. 85,689 shares of the stock traded hands, compared to its average volume of 838,319. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 207.98 and a beta of 1.40. The stock has a 50 day simple moving average of $166.06 and a two-hundred day simple moving average of $174.04. Hyatt Hotels has a 1 year low of $134.18 and a 1 year high of $206.86.

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 analysts’ consensus estimates of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. On average, analysts predict that Hyatt Hotels will post 3.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Amar Lalvani sold 1,364 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $163.06, for a total value of $222,413.84. Following the sale, the insider owned 4,894 shares of the company’s stock, valued at $798,015.64. This trade represents a 21.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Kronick sold 1,700 shares of the business’s stock in a transaction dated 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 owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raiffeisen Bank International AG raised its position in shares of Hyatt Hotels by 140.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. Evelyn Partners Asset Management Ltd purchased a new position in shares of Hyatt Hotels in the 1st quarter valued at approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Hyatt Hotels in the 2nd quarter valued at approximately $39,000. Versant Capital Management Inc boosted its position in shares of Hyatt Hotels by 16.1% during the third quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock valued at $75,000 after purchasing an additional 66 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS bought a new stake in shares of Hyatt Hotels during the first quarter valued at approximately $94,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

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.