Morgan Stanley Issues Pessimistic Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price objective reduced by stock analysts at Morgan Stanley from $160.00 to $153.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 0.17% from the stock’s current price.

A number of other analysts also recently weighed in on H. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Barclays cut their price objective on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Susquehanna cut their price target on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Bank of America lifted their target price on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Trading Up 0.4 %

NYSE H opened at $153.26 on Monday. Hyatt Hotels has a twelve month low of $112.85 and a twelve month high of $162.24. The business’s fifty day moving average is $152.26 and its 200 day moving average is $149.22. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 11.55 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $0.70 EPS. As a group, sell-side analysts expect that Hyatt Hotels will post 3.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. This trade represents a 7.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently bought and sold shares of the stock. LRI Investments LLC purchased a new position in shares of Hyatt Hotels in the 1st quarter worth about $26,000. Summit Securities Group LLC bought a new position in Hyatt Hotels during the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Hyatt Hotels during the third quarter worth approximately $30,000. Blue Trust Inc. lifted 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 worth $49,000 after acquiring an additional 213 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Hyatt Hotels during the 1st quarter valued at $53,000. 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.