Hyatt Hotels (NYSE:H) PT Raised to $175.00

Hyatt Hotels (NYSE:H) had its target price upped by research analysts at Bank of America from $165.00 to $175.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 13.41% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Evercore ISI increased their price objective on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday. Morgan Stanley dropped their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Macquarie dropped their price objective on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Barclays boosted their target price on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.33.

Hyatt Hotels Trading Up 1.4 %

Hyatt Hotels stock opened at $154.31 on Monday. The business’s 50-day simple moving average is $149.29 and its 200-day simple moving average is $149.04. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $162.24. The firm has a market capitalization of $15.61 billion, a PE ratio of 23.96 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.

Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.93 earnings per share for the current year.

Insider Activity

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.50% of the stock is owned by company insiders.

Institutional Trading of Hyatt Hotels

A number of institutional investors have recently modified their holdings of H. LRI Investments LLC acquired a new stake in shares of Hyatt Hotels in the first quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in Hyatt Hotels in the 1st quarter valued at $27,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels in the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Hyatt Hotels during the 3rd quarter worth about $30,000. Finally, Blue Trust Inc. grew its holdings in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 213 shares in the last quarter. 71.02% of the stock is currently owned by 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.