Hyatt Hotels Co. (NYSE:H) Receives $161.97 Consensus Price Target from Brokerages

Shares of Hyatt Hotels Co. (NYSE:H) have received a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $161.97.

Several research analysts recently issued reports on the company. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Morgan Stanley reduced their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company lowered their target price on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Susquehanna upped their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird decreased their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th.

Hyatt Hotels Stock Performance

H opened at $124.65 on Tuesday. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 10.02 and a beta of 1.51. The company’s fifty day moving average price is $143.08 and its two-hundred day moving average price is $150.37. Hyatt Hotels has a 1-year low of $116.13 and a 1-year high of $168.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last announced its quarterly 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate 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 previous year, the business posted $0.64 EPS. On average, analysts expect that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.48%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Insider Activity

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the transaction, the director now owns 37,927 shares in the company, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the transaction, the insider now directly owns 811 shares of the company’s stock, valued at $99,712.45. The trade was a 55.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock valued at $1,517,798 over the last quarter. Company insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Institutional investors and hedge funds have recently bought and sold shares of the company. Bamco Inc. NY increased its holdings in shares of Hyatt Hotels by 1.2% in the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company’s stock worth $871,363,000 after purchasing an additional 67,385 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Hyatt Hotels by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock worth $447,376,000 after acquiring an additional 9,477 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after acquiring an additional 46,413 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Hyatt Hotels by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after acquiring an additional 56,082 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of Hyatt Hotels by 2.2% during the fourth quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock worth $269,532,000 after purchasing an additional 37,057 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

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.