Jefferies Financial Group Issues Positive Forecast for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price upped by Jefferies Financial Group from $150.00 to $176.00 in a report released on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other brokerages also recently issued reports on H. The Goldman Sachs Group raised their price objective on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research note on Thursday, October 17th. 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. Finally, Barclays lifted their price objective on Hyatt Hotels from $144.00 to $161.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $155.21.

Hyatt Hotels Stock Performance

Shares of H stock opened at $156.31 on Thursday. The stock’s fifty day simple moving average is $156.31 and its 200-day simple moving average is $151.44. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 11.78 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels has a 1-year low of $124.40 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H) last issued its earnings results 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. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter last year, the business posted $0.70 EPS. On average, sell-side analysts predict that Hyatt Hotels will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % 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. 23.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in H. Asset Management One Co. Ltd. raised its position in Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after buying an additional 66 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Hyatt Hotels by 1.5% in the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after purchasing an additional 70 shares during the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of Hyatt Hotels by 0.6% in the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after purchasing an additional 95 shares in the last quarter. AdvisorShares Investments LLC boosted its holdings in Hyatt Hotels by 23.9% during the second quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock worth $83,000 after purchasing an additional 108 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Hyatt Hotels by 21.6% in the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock valued at $94,000 after purchasing an additional 110 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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.