Hyatt Hotels (NYSE:H) Stock Rating Upgraded by Evercore ISI

Hyatt Hotels (NYSE:H) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage currently has a $175.00 target price on the stock. Evercore ISI’s target price indicates a potential upside of 27.91% from the company’s previous close.

A number of other research analysts have also recently issued reports on H. JPMorgan Chase & Co. boosted their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday. Jefferies Financial Group boosted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Finally, Truist Financial boosted their price objective on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One investment 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 data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and an average price target of $162.24.

Hyatt Hotels Stock Down 2.2 %

Shares of NYSE:H opened at $136.82 on Wednesday. Hyatt Hotels has a one year low of $128.91 and a one year high of $168.20. The company has a 50 day moving average of $152.38 and a 200-day moving average of $152.78. 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 market cap of $13.16 billion, a price-to-earnings ratio of 11.00 and a beta of 1.51.

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

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently modified their holdings of H. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hyatt Hotels by 18.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,035 shares of the company’s stock valued at $310,000 after purchasing an additional 321 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Hyatt Hotels by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 5,260 shares of the company’s stock valued at $800,000 after purchasing an additional 350 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of 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 acquiring an additional 110 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Hyatt Hotels by 7.7% in the third quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock valued at $2,904,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Hyatt Hotels by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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.