Mizuho Lowers Hyatt Hotels (NYSE:H) Price Target to $198.00

Hyatt Hotels (NYSE:H) had its price objective lowered by stock analysts at Mizuho from $200.00 to $198.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 38.38% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Morgan Stanley reduced their price objective on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $151.57.

Hyatt Hotels Trading Up 0.0 %

Shares of H stock opened at $143.08 on Monday. The firm has a 50 day moving average price of $150.85 and a two-hundred day moving average price of $148.89. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $14.35 billion, a PE ratio of 10.78 and a beta of 1.50. Hyatt Hotels has a 12-month low of $102.62 and a 12-month high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, analysts predict that Hyatt Hotels will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the sale, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

A number of large investors have recently made changes to their positions in the company. LRI Investments LLC purchased a new position in Hyatt Hotels in the first quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new position in Hyatt Hotels in the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Hyatt Hotels in the third quarter valued at approximately $30,000. Blue Trust Inc. boosted its holdings in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 213 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Hyatt Hotels in the first quarter valued at approximately $53,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.