Hyatt Hotels (NYSE:H) Price Target Raised to $167.00

Hyatt Hotels (NYSE:H) had its price objective hoisted by The Goldman Sachs Group from $151.00 to $167.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the company. Bank of America lifted their price target on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research note on Friday, November 1st. Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Evercore ISI boosted their price objective on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, Robert W. Baird increased their target price on Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $152.64.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $159.53 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels has a 1 year low of $124.40 and a 1 year high of $168.20. The company’s 50-day moving average is $154.88 and its 200 day moving average is $150.27. The stock has a market capitalization of $15.32 billion, a P/E ratio of 12.02 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. On average, sell-side analysts expect that Hyatt Hotels will post 3.89 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s payout ratio is currently 4.52%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in Hyatt Hotels during the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. raised 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 purchasing an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Hyatt Hotels by 1,107.1% during 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. Finally, iA Global Asset Management Inc. purchased a new position in Hyatt Hotels in the third quarter valued at about $51,000. Institutional investors 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.