Robert W. Baird Forecasts Strong Price Appreciation for Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels (NYSE:H) had its price target raised by research analysts at Robert W. Baird from $188.00 to $194.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird‘s price target indicates a potential upside of 7.41% from the stock’s previous close.

A number of other research firms have also commented on H. Freedom Broker started coverage on shares of Hyatt Hotels in a research note on Wednesday, October 14th. They set a “buy” rating and a $192.00 price objective for the company. Wolfe Research began coverage on shares of Hyatt Hotels in a research report on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research 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. Finally, Susquehanna lowered their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.75.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $180.62 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 93.59 and a beta of 1.37. The stock’s fifty day simple moving average is $165.81 and its 200 day simple moving average is $169.84. Hyatt Hotels has a 52-week low of $134.18 and a 52-week high of $206.86.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 29th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.76 by $0.51. Hyatt Hotels had a return on equity of 11.63% and a net margin of 2.62%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business posted ($0.30) earnings per share. Hyatt Hotels’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Hyatt Hotels will post 3.49 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $179.88, for a total value of $305,796.00. Following the transaction, the director owned 29,525 shares of the company’s stock, valued at $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 completion of the transaction, the insider owned 4,894 shares in the company, valued at $798,015.64. The trade was a 21.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of H. Provenance Wealth Advisors LLC acquired a new stake in Hyatt Hotels in the 3rd quarter worth $56,000. Oregon Public Employees Retirement Fund raised its position in shares of Hyatt Hotels by 2.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 8,648 shares of the company’s stock valued at $1,371,000 after buying an additional 232 shares during the last quarter. Factory Mutual Insurance Co. lifted its stake in shares of Hyatt Hotels by 98.8% in the third quarter. Factory Mutual Insurance Co. now owns 239,598 shares of the company’s stock valued at $37,991,000 after buying an additional 119,050 shares during the period. D.A. Davidson & CO. grew its position in Hyatt Hotels by 3.8% during the third quarter. D.A. Davidson & CO. now owns 3,113 shares of the company’s stock worth $494,000 after buying an additional 115 shares in the last quarter. Finally, Signaturefd LLC grew its position in Hyatt Hotels by 10.8% during the third quarter. Signaturefd LLC now owns 666 shares of the company’s stock worth $106,000 after buying an additional 65 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

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.