Wells Fargo & Company Lowers Hyatt Hotels (NYSE:H) Price Target to $172.00

Hyatt Hotels (NYSE:H) had its target price cut by stock analysts at Wells Fargo & Company from $178.00 to $172.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.59% from the company’s current price.

A number of other equities research analysts have also recently issued reports on H. Bank of America boosted their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Morgan Stanley reduced their price objective 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. Robert W. Baird set a $157.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. Barclays cut their price target on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Macquarie cut their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $151.62.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $145.04 on Friday. The business’s 50 day moving average price is $150.93 and its two-hundred day moving average price is $148.93. The company has a market cap of $14.55 billion, a PE ratio of 10.93 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, analysts predict that Hyatt Hotels will post 3.87 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently made changes to their positions in H. LRI Investments LLC bought a new position in shares of Hyatt Hotels during the 1st quarter worth about $26,000. Summit Securities Group LLC bought a new position in Hyatt Hotels in the 2nd quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Hyatt Hotels in the 3rd quarter valued at about $30,000. Blue Trust Inc. lifted its position in 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. Finally, EverSource Wealth Advisors LLC lifted its position in Hyatt Hotels by 1,107.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares in the last quarter. Institutional investors own 71.02% of the company’s stock.

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.