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

Hyatt Hotels (NYSE:H) had its price target boosted by Truist Financial from $158.00 to $163.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also issued reports on H. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Friday, November 1st. Evercore ISI increased their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday. Finally, Bank of America increased their price target on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $162.39.

Hyatt Hotels Trading Up 2.3 %

NYSE H opened at $146.06 on Tuesday. The firm’s 50-day moving average is $156.20 and its two-hundred day moving average is $152.53. Hyatt Hotels has a 12 month low of $128.91 and a 12 month high of $168.20. 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 has a market capitalization of $14.03 billion, a P/E ratio of 11.01 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the prior year, the company posted $0.64 EPS. On average, sell-side analysts anticipate that Hyatt Hotels will post 3.81 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is 4.52%.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.50% of the stock is currently owned by insiders.

Institutional Trading of Hyatt Hotels

Hedge funds have recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels in the 4th quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares during the period. UMB Bank n.a. lifted its position in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares during the period. Blue Trust Inc. lifted its position 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 period. Finally, iA Global Asset Management Inc. bought a new position in shares of Hyatt Hotels during the 3rd quarter worth approximately $51,000. Institutional investors own 73.54% 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.