Morgan Stanley Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price objective dropped by research analysts at Morgan Stanley from $157.00 to $144.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 2.82% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Macquarie dropped their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. The Goldman Sachs Group boosted their price objective on Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Truist Financial boosted their price objective on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Susquehanna boosted their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $163.13.

Hyatt Hotels Stock Performance

NYSE H opened at $140.05 on Tuesday. The company has a market cap of $13.47 billion, a P/E ratio of 11.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50-day moving average of $152.75 and a two-hundred day moving average of $152.87. Hyatt Hotels has a 1-year low of $128.91 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of H. Bernard Wealth Management Corp. purchased a new stake in shares of Hyatt Hotels in the fourth quarter valued at $26,000. Versant Capital Management Inc lifted its position in Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the period. UMB Bank n.a. lifted its position in Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after buying an additional 104 shares during the period. iA Global Asset Management Inc. purchased a new position in Hyatt Hotels during the third quarter worth about $51,000. Finally, Venturi Wealth Management LLC lifted its position in Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds 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.