Hyatt Hotels (NYSE:H) Price Target Raised to $168.00

Hyatt Hotels (NYSE:H) had its price objective lifted by JPMorgan Chase & Co. from $163.00 to $168.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also issued reports on H. Evercore ISI lifted their price target on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Macquarie reduced their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird raised their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Sanford C. Bernstein lowered their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Truist Financial dropped their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $152.88.

Hyatt Hotels Stock Down 0.3 %

Shares of NYSE:H opened at $158.99 on Friday. Hyatt Hotels has a 1 year low of $124.40 and a 1 year high of $168.20. The stock has a 50-day simple moving average of $154.99 and a 200-day simple moving average of $150.40. The stock has a market capitalization of $15.27 billion, a P/E ratio of 11.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Hyatt Hotels (NYSE:H) last posted 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 business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter last year, the firm earned $0.70 earnings per share. Equities analysts forecast that Hyatt Hotels will post 3.89 earnings per share for the current year.

Hyatt Hotels Announces Dividend

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

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of Hyatt Hotels in the second quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Hyatt Hotels in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. increased its position in 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 buying an additional 213 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Hyatt Hotels in the third quarter valued at approximately $51,000. 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.