Hyatt Hotels (NYSE:H) Coverage Initiated by Analysts at Susquehanna

Susquehanna assumed coverage on shares of Hyatt Hotels (NYSE:H) in a report released on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $160.00 price target on the stock. Susquehanna’s target price suggests a potential upside of 6.63% from the company’s previous close.

Several other research analysts have also commented on H. Robert W. Baird boosted their price objective on Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Sanford C. Bernstein increased their price target on shares of Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Morgan Stanley lowered Hyatt Hotels from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $149.00 to $156.00 in a research report on Monday, March 11th. Wells Fargo & Company boosted their target price on Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Finally, Truist Financial lowered their price objective on shares of Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.00.

Hyatt Hotels Stock Down 0.4 %

H stock opened at $150.05 on Friday. The stock has a 50-day simple moving average of $148.89 and a two-hundred day simple moving average of $142.66. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $161.50. The firm has a market capitalization of $15.18 billion, a PE ratio of 23.30 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm posted $0.41 EPS. On average, equities analysts predict that Hyatt Hotels will post 3.34 EPS for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the transaction, the insider now directly owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,189 shares of company stock valued at $1,815,619. 23.50% of the stock is currently owned by company insiders.

Institutional Trading of Hyatt Hotels

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after purchasing an additional 144,356 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,482,440 shares of the company’s stock worth $396,247,000 after buying an additional 77,157 shares in the last quarter. Morgan Stanley increased its holdings in Hyatt Hotels by 1.1% in the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock worth $232,836,000 after buying an additional 24,121 shares in the last quarter. Franklin Resources Inc. lifted its stake in Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after acquiring an additional 432,594 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in shares of Hyatt Hotels by 0.6% during the 4th quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after acquiring an additional 9,919 shares during the last quarter. 71.02% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.