Mizuho Lowers Hyatt Hotels (NYSE:H) Price Target to $198.00

Hyatt Hotels (NYSE:H) had its price objective reduced by analysts at Mizuho from $200.00 to $198.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 38.38% from the stock’s previous close.

Several other brokerages have also issued reports on H. Cfra set a $155.00 price target on Hyatt Hotels in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price target on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein decreased their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Price Performance

NYSE H opened at $143.08 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s 50-day moving average is $150.85 and its two-hundred day moving average is $148.89. The firm has a market cap of $14.35 billion, a P/E ratio of 10.78 and a beta of 1.50. Hyatt Hotels has a fifty-two week low of $102.62 and a fifty-two week high of $162.24.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the previous year, the company posted $0.70 earnings per share. On average, analysts anticipate that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares during the period. Fiera Capital Corp raised its stake in shares of Hyatt Hotels by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock valued at $87,209,000 after purchasing an additional 6,896 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hyatt Hotels by 10.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock valued at $73,822,000 after purchasing an additional 46,574 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Hyatt Hotels by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock valued at $71,371,000 after purchasing an additional 20,997 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Hyatt Hotels by 9.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock valued at $54,016,000 after acquiring an additional 29,300 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Company Profile

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.